The Union government has approved the financial support for as many as 61 companies under the Rs 10,683-crore production-linked incentive (PLI) scheme for the textiles and garment sector, textiles secretary UP Singh said on Thursday. Sixty Seven companies applied for the benefits under the scheme.
“In the 61 applications approved the proposed total investment expected from the applicants is Rs 19,077 crore and a projected turnover is Rs 184,917 crore over a period of 5 years,” Singh added.
This will create as many as 240,134 jobs in this sector. The PLI scheme is for textiles products, namely MMF apparel, MMF fabrics and products of technical textiles, for enhancing India’s manufacturing capabilities and enhancing exports
The scheme has two parts — under part 1, the minimum investment is Rs 300 crore and minimum turnover required to be achieved for incentive is Rs 600 crore. Under part 2, the minimum investment will be of Rs 100 crore and minimum turnover required to be achieved for incentive is Rs 200 crore. Out of applications were received for the PLI scheme out of which 15 applications are under part 1 and 52 applications are under part 2, according to the statement.
To boost domestic manufacturing of man-made fibres (MMF), garments, and technical textiles, the central government earlier approved PLI scheme for the textile sector with a budgetary outlay of Rs 10,683. Under this scheme, the Centre will provide financial support for five years for manufacturing these products in the country.
To further boost the growth of the sector, the Centre also removed the import duty of cotton.
Here are the Companies that Got Approval for Textile PLI Scheme
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
Although India was the largest producer of cotton, Singh said that it was necessary to make our mark in man made fibres as well if we were to achieve the textile export target of $100 billion by 2030, according to the statement.
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