City
Epaper

PLI Scheme to Boost Investments in the Textiles Sector - Chairman, MATEXIL

By ANI | Updated: August 21, 2025 17:50 IST

PNNMumbai (Maharashtra) [India], August 21: The Ministry of Textiles has reopened the portal for filing of fresh applications ...

Open in App

PNN

Mumbai (Maharashtra) [India], August 21: The Ministry of Textiles has reopened the portal for filing of fresh applications under the Production Linked Incentive (PLI) Scheme for Textiles, covering Man-Made Fibre (MMF) Apparels, Fabrics and Technical Textiles. The Portal for application will remain open till 31st August 2025 .

The PLI Scheme is aimed at promoting large-scale investment, fostering innovation and sustainability, and enhancing India's global competitiveness in textiles. Eligible companies will receive incentives linked to incremental turnover generated through fresh investments and expanded production capacities.

Welcoming the announcement, Shri Shaleen Toshniwal, Chairman, MATEXIL (Manmade Fibre & Technical Textiles Export Promotion Council), said: "The reopening of the PLI application window is a very positive step, as it provides an opportunity for those textile companies who could not apply earlier. With incentives designed to reward growth and investment, this scheme offers Indian companies a unique chance to scale up operations and strengthen their global competitiveness."

Shri Toshniwal further urged exporters and manufacturers to apply before the deadline of 31st August 2025 and make use of the scheme to modernize, expand, and diversify their product basket. "This initiative will give a major boost to India's share in global textile trade and contribute significantly to achieving the vision of Viksit Bharat @2047," he added.

MATEXIL has assured all exporters and investors of complete guidance and handholding during the application process, and will continue to work closely with the Ministry of Textiles to ensure industry members derive maximum advantage from this initiative.

MATEXIL (The Manmade and Technical Textiles Export Promotion Council) is an Export Promotion Council dedicated to promoting exports of Manmade Fibre Textiles and Technical Textiles.

(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN.will not be responsible in any way for the content of the same)

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

LifestyleAkshaya Tritiya 2026: Why Planting Tulsi at Home Brings Prosperity and Good Luck

NationalINDIA bloc allies creating roadblocks to women's reservation using 'why, ifs and buts': HM Shah

BusinessFrom Classroom Stories to Cherished Pages: Asha Radhakrishnan Brings Values to Life in Cheeno's Birthday with Love

BusinessChoosing The Best Health Insurance Company in India: Look Beyond Premium and Sum Insured

AurangabadChange in school timings across the district

Business Realted Stories

BusinessMarengo Asia Hospitals Completes the Acquisition of Majority Stake in Sunshine Global Hospitals, Strengthening Presence in Western India

BusinessGlobal Leadership Summit - Vision 2047 to be held at Yashobhoomi Convention Centre on 18-19 July 2026

BusinessTop Lighting Brands Return to the Exhibition Floor after a long time at the Smart Lighting Expo in Greater Noida

BusinessMax Smart Super Speciality Hospital, Saket to Add 400 Beds With the Launch of New Tower

BusinessGovt recognises over 55,200 startups in FY26, highest ever since Startup India launch