New Delhi: Shahi Exports, Madura Industrial Textiles, Monte Carlo Fashions and Arvind Ltd are among 61 applicants approved under Production Linked Incentive (PLI) scheme for textiles. “The Selection Committee chaired by Secretary, Ministry of Textiles, UP 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,” an official statement said. In a bid to enhance textile manufacturing capability in the country and promote exports, the government had last year approve PLI scheme for textiles products namely MMF apparel, MMF fabrics and products of technical textiles with a financial outlay of Rs 10,683 crore over a five-year period. The scheme has two parts. In case of part one, minimum investment is Rs 300 crore and minimum turnover required to be achieved for incentive is Rs 600 crore. In part two, the minimum investment is of Rs 100 crore and minimum turnover required to be achieved for incentive is Rs 200 crore. Briefing media here on Thursday, Textiles Secretary UP Singh said that in the 61 applications approved the proposed total investment expected from the applicants is Rs 19,077 crore and a projected turnover is Rs 1,84,917 crore over a period of 5 years. The fresh investment is likely to create direct employment of 2,40,134. As per the official statement, the textile firms selected for the PLI scheme under part one are Avgol India, Cubatics Industries, Goa Glass Fibre, H P Cotton Textile Mills, Himatsingka Seide and Kimberly Clark India. Paragon Apparel, Pratibha Syntex, Shahi Exports, Shree Durga Syntex and Trident Ltd are also under part one of the textile PLI scheme. Those firms which have received approval under part two of the scheme include AYM Syntex, Kennigton Industries, MI Industries India, Silkon Synthetics & Cotton Dyeing Pvt Ltd, Youngman Woolen Mills and Autoliv India. Stating that although India was the largest producer of cotton, 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 $100 billion by 2030’. In order to boost the growth of the sector, the central government has scrapped import duty on cotton. UNI NK