India’s PLI Scheme for Textiles: Letters of Approval Issued to 54 Out of 64 Selected Beneficiaries

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We provide a full list of the 64 applicants that were selected under India’s PLI Scheme for Textiles – useful knowledge for foreign investors looking to partner with Indian textiles manufacturers. The Ministry of Textiles is also set to release a second round of the PLI Scheme. Meanwhile, as of August 2022, the central government has sent letters of approval to 54 applicants. The state of Gujarat has bagged the most number of proposed projects while the state of Madhya Pradesh has attracted the largest proposed investment.


The Production-Linked Incentive (PLI) Scheme for Textiles – focuses on manmade fiber (MMF) apparel, MMF fabrics, and products of technical textiles to enhance India’s manufacturing capabilities and exports.

Notification for the scheme was issued on September 24, 2021 and operational guidelines for the PLI Scheme were issued on December 28, 2021. The scheme has an approved financial outlay of INR 106.83 billion over a five-year period. 

The PLI Scheme for Textiles is projected to utilize a little more than INR 66 billion for current investors, as reported in the media in May.

List of applicants selected under the PLI Scheme for Textiles

Applications under PLI Scheme for Textiles were received from January 1, 2022 to February 28, 2022.

The scheme has two parts: Part 1, where minimum investment is INR 3 billion and minimum turnover required is INR 6 billion and Part 2, where minimum investment is INR 1 billion and minimum turnover required INR 2 billion. A total of 67 applications were received – 15 applications under Part 1 and 52 applications under Part 2.

Initially, 61 applicants were announced as beneficiaries, but three more companies were added as of May 3, 2022. Total applications approved under Part 1 is now 14 and under Part 2 is 60.

In the approved 64 applications so far, the proposed total investment is INR 197.98 billion and projected turnover of INR 1.939 trillion with a proposed employment of 245,362.

Updates on approved applicants – October 6, 2022

Out of the 64 companies selected, the central government had issued letters of approval to 54 companies – by August. This is as per a source speaking to Businessline, who elaborated: “Of the total 64 applicants with a proposed investment of ₹19,798 crore [INR 197.98 billion] selected by the Selection Committee chaired by Textiles Secretary earlier, as many as 54 have received their letters of approval by August. At the moment, about ₹700 crore [INR 7 billion] have been invested and the amount will steadily go up.”

The government has approved 14 projects under Part 1 of the PLI Scheme (minimum investment is INR 3 billion) and 50 projects under Part 2 (minimum investment is INR 1 billion).

The states of Madhya Pradesh, Gujarat, Maharashtra and Andhra Pradesh attracted the most investments under the PLI Scheme. Madhya Pradesh secured the largest amount of investment at around INR 35.13 billion and Gujarat bagged the most number of proposed projects – 13.

PLI Scheme for Textiles: Proposed Investments, Projects, and Locations

Proposed investment

Number of projects

Location

INR 35.13 billion

12

Madhya Pradesh

INR 31.35 billion

13

Gujarat

INR 24.36 billion

10

Maharashtra

INR 16.54 billion

1

Goa

INR 15.81 billion

5

Karnataka

INR 13.83 billion

1

West Bengal

INR 10.51 billion

1

Telangana

INR 9.06 billion

7

Uttar Pradesh

INR 9.01 billion

4

Rajasthan

INR 8.14 billion

6

Andhra Pradesh

INR 7.52 billion

6

Tamil Nadu

INR 5.50 billion

2

Daman & Diu

INR 5.19 billion

3

Haryana

INR 4.39 billion

3

Punjab

INR 1.65 billion

2

Himachal Pradesh

Source: Business Standard

List of all 64 selected applicants – PLI Scheme for Textiles

For the companies selected as eligible under the PLI scheme, see the table below.

S. No.

Name of applicant

PLI Scheme for Textiles: 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.

Madurai Industrial Textiles Limited

8.

MPCI 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

14

RSWM Limited

 

S. No.

Name of applicant

PLI Scheme for Textiles: Part 2

1.

AYM Syntex Limited

2.

Kennington Industries Pvt Ltd

3.

MI Industries India Pvt Ltd.

4.

Silkon Synthetics & Cotton Dyeing Pvt. Ltd.

5.

Youngman Woolen Mills Private Limited

6

Autoliv India Pvt. Ltd.

7.

Donear Industries Ltd.

8.

Endurafab Pvt. Ltd. (EPL)

9.

Fibrevault Nonwovens Private Limited

10.

Mohini Health & Hygiene Ltd. (MHHL)

11.

Niine Private Limited

12.

Nobel Hygiene Private Limited

13.

Obeetee Private Limited

14

Pan Tex Nonwoven Private

15.

Rad Global Private Limited

16.

Shruthi Financial Services Private Limited

17.

Swara Baby Products Private Limited

18.

Candex Filament Private Limited

19.

Gainup Industries India Private Limited

20.

Gokaldas Exports Limited

21.

Indian Designs Export Private Limited

22.

Infiloom India Private Limited

23.

Pearl Global Industries Limited

24.

Sangam (India) Limited

25.

Texport Industries Private Limited

26.

Toray International India Private Limited

27.

Teejay India Private Limited

28.

SKAPS Industries India Private Limited

29.

Artex Overseas Private Limited

30.

Best Corporation Private Limited

31.

Evertop Textile & Apparel Complex Private Limited

32.

Ginza Industries Limited

33.

Jalan Jee Polytex Limited

34.

Kanodia Global Private Limuted

35.

Lotus Hometextiles Limited

36.

N Z Seasonal Wear Private Limited

37.

Microtex Processors Private Limited

38.

Monte Carlo Fashions Limited

39.

Rane TRW Steering Systems Private Limited

40.

Shree Tirupati Balajee Agro Trading Company Private

41.

Arvind Limited

42.

Ginni Filaments Limited

43.

Grand Handloom Private Limited

44.

K G Denim Limited

45.

Suchi Industries Limited

46.

SVG Fashions Private Limited (subject to formation of a new company for investment and production under the Scheme as per existing guidelines)

47.

SVP Global Textles Limited

48.

Techno Sportswear Private Limited

49.

Pan Healthcare Private Limited

50.

Aditya Birla Fashion & Retail Limited

Second edition of the PLI scheme 

The central government is working to update the PLI scheme for the textile industry with a second edition that is dedicated to apparel and garments as widely reported by the media. The PLI 2.0 scheme could cover makers of apparel and home textiles, such as blankets and bed spreads, and textile accessories like lace, button, and zippers. 

The Economic Times reports that the textiles ministry is considering three investment thresholds of INR 150 million, INR 300 million, and INR 450 million, with double turnover as the criteria for incentives that would range between eight percent and 10 percent under the INR 42 billion scheme. The PLI 2.0 edition could add criteria, such as minimum number of stitching and sewing machines, among the benchmarks to be eligible for incentives. Selected firms would need to achieve the minimum turnover – that is, two times the investment, in the first year, followed by 20 percent increase in turnover over the previous year in the second year.

This article was originally published May 4, 2022. It was last updated October 11, 2022.


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