Govt okays 61 firms for textiles PLI scheme, aims Rs 19,077 cr investment

Seven foreign companies have committed total investment of Rs 3,559 crore for the plan

The government approved Thursday financial aid to 61 companies, including seven foreign ones, for its textiles production linked incentive (PLI) scheme. These companies plan investment of Rs 19,077 crore.

Part one of the scheme plans a minimum investment of Rs 300 crore and has 13 companies including Shahi Exports, Paragon Apparel, and Trident. Part two has a minimum investment of Rs 100 crore and it has 48 companies, including Arvind Ltd, Suchi Industries, and SVP Global Textiles.

Seven foreign companies--US-based Autoliv and Kimberly Clark, Israel’s Avgol, South Korea’s Evertop Textile & Apparel Complex, Germany’s Rane TRW Steering Systems, Sri Lanka’s