TMI BlogA total of 61 applicants approved under Production Linked Incentive (PLI) Scheme For Textiles out of 67 applications receivedX X X X Extracts X X X X X X X X Extracts X X X X ..... A total of 61 applicants approved under Production Linked Incentive (PLI) Scheme For Textiles out of 67 applications received - News and Press Release Dated:- 14-4-2022 - News - A total of 61 applicants approved under Production Linked Incentive (PLI) Scheme For Textiles out of 67 applications received Proposed total investment expected from Applicants is ₹ 19,077 crore and a project ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed turnover is ₹ 184,917 crore with a proposed employment of 240,134 Government approved PLI Scheme for Textiles products for enhancing India s manufacturing capabilities and enhancing exports with an approved financial outlay of ₹ 10,683 crore over a five-year period Government reduces import duty of cotton to zero The Selection Committee chaired by Secretary, Ministry of T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... extiles, Shri U.P. Singh has selected 61 applicants under Production Linked Incentive (PLI) Scheme for Textiles. A total of 67 applications were received for the PLI scheme out of which 15 applications are under Part-1 and 52 applications are under Part-2. Addressing the media in a press conference, Secretary, Ministry of Textiles, Shri UP Singh said that in the 61 applications approved the pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... posed total investment expected from the applicants is ₹ 19,077 crore and a projected turnover is ₹ 184,917 crore over a period of 5 years with a proposed direct employment of 240,134. The scheme has two parts, Part 1 where minimum investment is ₹ 300 crore and minimum turnover required to be achieved for incentive is ₹ 600 crore; and Part-2, where minimum investment is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of ₹ 100 crore and minimum turnover required to be achieved for incentive is ₹ 200 crore. Government approved Production-Linked Incentive (PLI) Scheme for Textiles products, namely MMF Apparel, MMF Fabrics and Products of Technical Textiles, for enhancing India s manufacturing capabilities and enhancing exports with an approved financial outlay of ₹ 10,683 crore over a five-y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ear period. To further boost the growth of the sector, centre also removed the import duty of cotton. The Notification for the scheme was issued on 24.09.2021. Operational Guidelines for Production Linked Incentive (PLI) Scheme were issued on 28.12.2021. Applications under PLI Scheme for Textiles were received through web portal from 01.01.2022 to 28.02.2022. The 61 applicants selected und ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er the scheme as of now 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 existin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g 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.Lt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d. 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 Finan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cial 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 Internation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al 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 Privat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 ne ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w company for investment and production under the Scheme as per existing guidelines) 60 SVP Global Textiles Limited 61 Techno Sportswear Private Limited Stating that although India was the largest producer of cotton, Shri UP 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 USD 100 billion by 2030. Elaborat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing on the immense scope and potential of technical textiles, Shri Singh said that sectors such as geotextiles need much more encouragement to improve use, demand and penetration and intensive research and development activities. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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