May 22, 2026

textile

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Textile expansion: Govt okays 17 firms under PLI scheme; new projects eye Rs 12,893 crore sales lift

contact@dailyupdatesindia.com01 mins

The government has approved 17 additional applicants under the Production Linked Incentive (PLI) Scheme for textiles in the third selection round, a move the Textile Ministry said will strengthen domestic manufacturing and improve India’s competitiveness in man-made fibre (MMF) apparel, MMF fabrics and technical textiles.According to the ministry, the newly approved companies have committed investments…

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India’s textile boost: Ministry drafts plan to regain edge over Bangladesh, China; targets $100 bn exports by 2030

contact@dailyupdatesindia.com03 mins

India is working to regain its price edge in the global textiles market as Bangladesh, Vietnam and China become more competitive. The government is preparing a cost-reduction roadmap that will be rolled out in phases: a short term plan for two years, five years for medium plan and a plan for the long term. The…

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PLI scheme extension: Govt pushes last date for textile sector applications to December 31; cites industry demand

contact@dailyupdatesindia.com01 mins

Centre has decided to give the textile industry more time to join its flagship production-linked incentive (PLI) scheme, extending the deadline for fresh applications to December 31.The move follows what officials described as an “encouraging” response from the sector after the latest round of applications opened in August 2025, PTI reported. Strong proposals have come…

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US tariff hit: Indian home textile exports set for 5-10% fall; Crisil warns of profitability pressure this fiscal

contact@dailyupdatesindia.com03 mins

India’s home textile exporters are set to face a revenue fall of 5-10% this year, along with lower operating profitability, after the United States enforced a steep 50% tariff from 27 August, according to a report by Crisil Ratings. Exports make up nearly three-quarters of the industry’s turnover, making the impact significant.As per news agency…

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