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:
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
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