India's Rs.10,683 Cr Textile PLI Scheme Cuts Imports, Lifts Value-Added Exports
Launched September 2021 with a Rs.10,683 crore ($1.13 billion) outlay, India's textile PLI scheme is curbing niche fabric imports while accelerating exports of technical and value-added textiles. The push is strengthening domestic man-made fibre capacity, reshaping apparel sourcing economics for brands operating in India.
India's PLI scheme for textiles, launched in 2021 with Rs.10,683 crore outlay, is reducing niche textile imports and boosting exports of value-added and technical textiles, strengthening domestic man-made fibre manufacturing relevant to apparel sourcing.