61 PLI scheme applications Approved

61 PLI scheme applications Approved

On April 14, the Government announced that it has approved 61 applications for its production linked incentive scheme for textiles which has an investment potential of over Rs 19,000 cr.

Union Textile Secretary U P Singh said that, out of the 67 proposals the government received under the PLI scheme for the textiles sector, 61 were approved with a proposed investment of Rs 19,077 crore.

The projected turnover of the businesses receiving the investment is Rs 184,917 crore.

The PLI scheme for textiles is designed to enhance India’s manufacturing capabilities and increase its exports. The scheme covers man-made fibre apparel, MMF textiles, and technical textiles and has an approved financial outlay totalling Rs 10,683 crore over a five-year time period.

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

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