61 textile firms to get PLI sops
The government has approved 61 applications of companies, including Ginni Filaments, Kimberly Clark India and Arvind Ltd, under the production linked incentive (PLI) scheme for textiles.
Textile secretary U.P. Singh said the proposed investment expected from the approved applicants is Rs 19,077 crore and the projected turnover is Rs 184,917 crore. He said a total of 67 proposals were received under the PLI scheme for the textiles sector.
“The PLI scheme is expected to result in a projected turnover of Rs 184,917 crore with a proposed employment of 240,134 people,” Singh told reporters here.
The government had approved the PLI scheme for textiles products like MMF apparel, MMF fabrics and products of technical textiles for enhancing manufacturing capabilities and boosting exports with an approved financial outlay of Rs 10,683 crore over a five-year period.
Out of 67 applications, 15 were received under Part-1 and 52 under Part-2, the official said.
The companies whose proposals have been approved include Avgol India; Goa Glass Fibre; HP Cotton Textile Mills; Kimberly Clark India (subject to formation of a new company for investment and production under the scheme); Madura Industrial Textiles; MCPI Pvt Ltd; Pratibha Syntex; Shahi Exports; Trident Ltd; Donear Industries; Gokaldas Exports; and Arvind Ltd.