(MENAFN- KNN India) New Delhi, Oct 1 (KNN) The Confederation of Indian Textile Industry (CITI) has welcomed the new Production Linked Incentive (PLI) Scheme for Textiles, announced on September 30, 2025, highlighting its potential to promote broader participation and significantly benefit smaller enterprises in the sector.

The PLI Scheme 2.0 is widely seen as a critical step in supporting MSMEs, spurring production of high-value MMF apparel and fabrics, and strengthening India's position in the global textile market.

CITI Chairman Ashwin Chandran said,“The revisions made in the PLI Scheme will inject huge momentum to the Indian textile and apparel sector in its journey towards becoming more globally competitive.”

He noted that the expanded coverage of the PLI Scheme 2.0, following the addition of 8 new HSN (Harmonized System of Nomenclature) codes for MMF (man-made fibre) apparel and 9 new HSN codes for MMF fabrics, will provide a significant boost to India's MMF segment.

The move is expected to spur the production of high-value MMF apparel and fabrics in the country.

Chandran also welcomed the increased flexibility under the scheme, allowing new units to be set up within existing companies, thereby improving ease of doing business.

Lowered investment thresholds-Rs 150 crore for Part 1A and Rs 50 crore for Part 2A-and revisions to the turnover-linked incentive structure, requiring only a 10 percent incremental turnover from year two onward, are expected to accelerate sector growth.

India aims to build a USD 250 billion domestic textile and apparel industry by 2030, with exports targeted at USD 100 billion.

Currently, the domestic textile industry is valued at around USD 180 billion, while exports stood at nearly USD 38 billion in 2024–25.

(KNN Bureau)

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