Govt. clears ₹10,683 cr. textiles PLI plan
The Hindu
Incentives aim to boost investment in new capacities in man-made fibre apparel, technical textiles
The Union Cabinet on Wednesday approved a ₹10,683 crore Production Linked Incentive (PLI) scheme for the textile sector with a view to “helping India regain its historical dominant status in global textiles trade”. The scheme’s incentive structure is designed to encourage investment in fresh capacities in man-made fibre (MMF) apparel, MMF fabrics, and 10 segments or products of technical textiles. The government expects the scheme to help attract fresh investment of more than ₹19,000 crore, creating an additional 7.5 lakh direct jobs. Describing the move as a “game changer”, Union Minister for Textiles, Commerce and Industry, Consumer Affairs, Food and Public Distribution Piyush Goyal told The Hindu that any investment in the sector would have a multiplier effect especially in terms of job creation. “ The PLI as a whole is a game changer. And, for textiles it will be a big, big boost. Because... you create maximum employment in the textile sector, for every rupee invested,” he added.
Beijing has asked some Chinese tech companies to halt orders for Nvidia’s H200 chips this week, and is expected to mandate domestic artificial intelligence chip purchases, the Information reported
Indian stock markets dip as foreign fund outflows and U.S. tariff concerns weigh on investor sentiment.
Elon Musk persuaded a judge on Wednesday to allow a jury trial on his allegations that ChatGPT maker OpenAI violated its founding mission
South Korean tech giant Samsung Electronics said Thursday it expected its fourth-quarter profit to reach a record 20 trillion won ($13.8 billion).
India's climate progress shows reduced emissions intensity and increased renewable capacity, but absolute emissions remain high, requiring urgent action.
According to recent Foreign Trade Performance Analysis data, India’s overall exports remained resilient in late 2025, even as traditional sectors faced sharp declines. While shipments of gems and jewellery to the U.S. plummeted, the overall figures were bolstered by a massive 237% surge in telecom exports, particularly smartphones. Data shows that Indian exporters are aggressively diversifying their portfolios. By deepening ties with existing partners and discovering new alliances, India is replacing lost U.S. sales with a more diversified set of trade partners
Agnivesh Agarwal, son of billionaire Anil Agarwal, dies at 49 after a skiing accident and subsequent cardiac arrest.
Infosys partners with AWS to enhance generative AI adoption, transforming operations and innovation across multiple industries.
India requests fare data from airlines amid IndiGo's antitrust investigation following widespread flight cancellations and disruptions.
Despite severe air pollution, Delhi remains the top choice for high-value homebuyers, including HNIs and celebrities.
Centre invites public feedback on the draft Pesticides Management Bill, 2025, aiming to replace the 1968 Insecticides Act.
India's wind energy capacity reached 54.51 GW in 2025, marking an 85.4% increase from the previous year.
The government forecasts a 7.4% GDP growth for 2025-26, highlighting sector-specific trends and anticipated slowdowns in the second half.