(MENAFN- KNN India) New Delhi, Oct 10 (KNN) The Ministry of Textiles has announced key revisions to the Production Linked Incentive (PLI) Scheme for MMF (Man-Made Fibre) Apparel, MMF Fabrics, and Technical Textile products.

The revised scheme introduces changes designed to address industry challenges, enhance ease of doing business, and promote investment in the sector.

According to the ministry, the amendments are intended to enhance industry participation, accelerate project execution, and strengthen India's position as a global textile manufacturing hub. The amended scheme guidelines have also been issued.

The updated framework introduces several measures aimed at making the scheme more accessible and investment-friendly.

It expands the range of eligible products by adding eight new HSN codes for MMF apparel and nine new HSN codes for MMF fabrics.

The framework also relaxes company formation requirements, allowing applicants to establish project units within existing companies instead of creating new entities.

Additionally, minimum investment thresholds have been reduced, effective August 1, 2025, from Rs 300 crore to Rs 150 crore for Part-1 and from Rs 100 crore to Rs 50 crore for Part-2 categories.

Furthermore, the incremental turnover requirement has been lowered: from FY 2025–26, applicants need to demonstrate only a 10 percent increase in turnover over the previous year (from the second year onward), compared to the earlier requirement of 25 percent.

The ministry said these revisions are expected to reduce entry barriers, lower financial thresholds, and facilitate faster project implementation, thereby boosting employment and competitiveness across the textile value chain.

To encourage wider participation, the PLI Scheme application portal will remain open until December 31, 2025.

(KNN Bureau)

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