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

0
451

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.

Also Read  Textile Ministry Clears 23 Strategic Projects Worth Rs 60 Crore

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.

Also Read  Turkey Gains From US T&C Supply Chain Shift

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

Also Read  Inspiring Solutions And Strong Partnerships

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.