Current Affairs - Economy - Discussion

The Ministry of Textiles approved 96 companies under Round-III of the Production Linked Incentive (PLI) Scheme for Textiles on June 10, 2026. This includes 22 newly approved applicants in the latest phase. The selected companies have committed a total investment of ₹12,822.67 crore, while the new applicants alone are expected to invest ₹2,339.14 crore. The scheme focuses on promoting Man-Made Fibre (MMF) apparel, MMF fabrics, and technical textiles to strengthen India’s textile manufacturing capabilities. It is also expected to generate significant employment opportunities and contribute substantially to production, exports, and overall growth in the textile sector.