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  • 18 Apr 2022
  • ICICI Securities

Government approves application of 61 textile companies under PLI scheme

News: The Selection Committee, Ministry of Textiles, has selected 61 applicants under Production Linked Incentive (PLI) Scheme for Textiles. Major listed companies which have been selected are Himatsingka Seide, Arvind Ltd , Trident, Monte Carlo Fashions, AYM Syntex Ltd, Donear Industries, Pearl Global Industries, Sangam India, Ginni Filaments, K G Denim. Amongst our coverage companies, Gokaldas Exports application has been approved. 

Views: A proposed total investment of Rs 19,077 crore and a projected turnover of Rs 184,917 crore over a period of 5 years is expected from the selected companies. The PLI scheme would aid in enhancing India’s manufacturing capabilities and enhancing exports with an approved financial outlay of Rs 10,683 crore over a five-year period

Impact: Positive

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