61 Proposals Of Over Rs 19K Cr Approved Under PLI Scheme For Textiles

Industry news

61 Proposals Of Over Rs 19K Cr Approved Under PLI Scheme For Textiles

The government has approved 61 applications of companies, including Ginni Filaments, Kimberly Clark India Pvt ltd, Arvind Ltd, among others, with an investment potential of over Rs 19,000 crore under the Production Linked Incentive (PLI) scheme for textiles. Textile Secretary U P Singh said that a total of 67 proposals were received under the PLI scheme for the textiles sector. "In the approved 61 applications the proposed total investment expected from the applicants is Rs 19,077 crore and a projected turnover is Rs 184,917 crore with a proposed employment of 240,134 people," Singh said. Out of 67 applications, 15 were received under Part-1 and 52 under Part-2, the official said. In Part 1, the minimum investment requirement is Rs 300 crore and the minimum turnover required to be achieved for incentive is Rs 600 crore. In Part-2, the minimum investment should be of Rs 100 crore and the minimum turnover is Rs 200 crore. Singh said that the scheme would help increase India's share in the global man-made fibre and technical textiles sector. "We are targeting to increase exports of technical textiles from US$ 2 billion to about US$ 8-10 billion," he added. The PLI scheme for textiles is operational from 24 September 2021 to 31 March 2030. The 61 applicants selected under the scheme by the Selection Committee are as under: Scheme Part-1 1 Avgol India Private Limited 2 Cubatics Industries Private Limited 3 Goa Glass Fibre Ltd. (GGFL) 4 H P Cotton Textile Mills Limited 5 Himatsingka Seide Limited 6 Kimberly Clark India Private Limited (subject to formation of a new company for investment and production under the Scheme as per existing guidelines) 7 Madura Industrial Textiles Limited 8 MCPI Private Limited 9 Paragon Apparel Private Limited 10 Pratibha Syntex Limited 11 Shahi Exports Private Limited 12 Shree Durga Syntex Pvt. Ltd. 13 Trident Limited Scheme Part-2 14 AYM Syntex Limited 15 Kennigton Industries Pvt Ltd 16 MI Industries India Pvt Ltd. 17 Silkon Synthetics & Cotton Dyeing Pvt.Ltd. 18 Youngman Woolen Mills Private Limited 19 Autoliv India Pvt. Ltd. 20 Donear Industries Ltd. 21 Endurafab Pvt. Ltd. (EPL) 22 Fibrevault Nonwovens Private Limited 23 Mohini Health & Hygiene Ltd. (MHHL) 24 Niine Private Limited 25 Nobel Hygiene Private Limited 26 Obeetee Private Limited 27 Pan Tex Nonwoven Private 28 Rad Global Private Limited 29 Shruthi Financial Services Private Limited 30 Swara Baby Products Private Limited 31 Candex Filament Private Limited 32 Gainup Industries India Private Limited 33 Gokaldas Exports Limited 34 Indian Designs Export Private Limited 35 Infiiloom India Private Limited 36 Pearl Global Industries Limited 37 Sangam (India) Limited 38 Texport Industries Private Limited 39 Toray International India Private Limited 40 Teejay India Private Limited 41 SKAPS Industries India Private Limited 42 Artex Overseas Private Limited 43 Best Corporation Private Limited 44 Evertop Textile & Apparel Complex Private Limited 45 Ginza Industries Limited 46 Jalan Jee Polytex Limited 47 Kanodia Global Private Limited 48 Lotus Hometextiles Limited 49 N Z Seasonal Wear Private Limited 50 Microtex Processors Private Limited 51 Monte Carlo Fashions Limited 52 Rane TRW Steering Systems Private Limited 53 Shree Tirupati Balajee Agro Trading Company Private 54 Arvind Limited 55 Ginni Filaments Limited 56 Grand Handloom Private Limited 57 K G Denim Limited 58 Suchi Industries Limited 59 SVG Fashions Private Limited (subject to formation of a new company for investment and production under the Scheme as per existing guidelines) 60 SVP Global Textiles Limited 61 Techno Sportswear Private Limited