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MP tops textile PLI investments with Rs 3,513 cr mop-up: House panel report

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has bagged the highest amount of investment, to the tune of Rs 3,513 crore under the production linked incentive (PLI) scheme for the textile sector, data from a recent parliamentary panel report shows.


The standing committee on labour, and skill development in its report on the man-made fibres (MMF) was informed by the textile ministry earlier this year that out of 67 applicants, 64 projects with a proposed investment of Rs 19,798 crore were approved by a selection committee under the . While Gujarat saw the highest number of proposed projects (13), cornered the highest amount of proposed investment (Rs 3,513 crore).


The government approved the for textile products in September last year with an aim to promote MMF apparel, MMF fabrics, products of technical and to enhance manufacturing capabilities and exports from the country of select MMF products with an approved outlay of Rs 10,683 crore.


“Selected companies would be eligible to get incentives on achieving threshold investment to promote size and scale, competitiveness and generate employment by overcoming constraints like lack of economies of scale, defective fabrics and non-compliance to International standards”, the committee noted.


The scheme has two parts. Under Part-1, the minimum investment required is Rs 300 crore and 15 per cent incentive will be provided on attaining required turnover in the first year. Under Part-2, the minimum investment is Rs 100 crore and 11 per cent incentive will be provided on attaining required turnover in the first year. Additionally, the incentive will be reduced by one percentage point every year from second year onwards till the fifth year under both parts of the Scheme.


Under the scheme, 14 projects with a minimum investment of Rs 300 crore were approved, with a proposed investment of Rs 10,518 crore and with a potential to generate 98,088 jobs, the textile ministry informed the committee. Also, 50 projects with a minimum investment of Rs 100 crore were approved, with a proposed investment of 9,280 crore and with a potential to generate 147,274 jobs.


Noting that technical is a high technology sunrise sector, the committee called upon the ministry to intensify the efforts for the development and expansion of Technical textiles.


“The Committee would also like the Ministry to explore the feasibility of exploring PPP models and strategic market partnerships with Global players for acquiring technical know-how so as to strengthen the development of an indigenous industry towards transforming India into a global manufacturing hub for technical textiles”, noted the ministry.




















State Proposed

Proposed investment (Rs in crores )

Number of proposed projects

Madhya Pradesh

3513

12

Gujrat

3135

13

Maharashtra

2436


10


Goa

1654

1

Karnataka

1581

5

West Bengal

1383

1

Telangana

1051

1

Uttar Pradesh

906

7

Rajasthan

901


4


Andhra Pradesh

814

6

Tamil Nadu

752

6

Daman & Diu

550

2

Haryana

519

3

Punjab

439

3

Himachal Pradesh

165

2



# State wise distribution of proposed projects (76) and proposed total investments against 64 approved projects.


Source: Parliamentary Standing Committee for textiles

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