The government’s focus is on Five Fs-fibre to farm to fabric to fashion to foreign, Jardosh said while speaking virtually at the inauguration of the Avgol Nonwoven's New Manufacturing facility at Halol in Gujarat.
She said that Prime Minister Narendra Modi’s vision for both PLI Scheme and PM Mitra parks will help develop an ecosystem, wherein through ease of doing business and plug in play, the industry will achieve new heights. The PM’s GatiShakti-National Master Plan for multi-modal connectivity will herald a new chapter of governance. Gati Shakti—a digital platform—will bring 16 ministries including railways and roadways together for integrated planning and coordinated implementation of infrastructure connectivity projects, the MoS said.
The PM Mitra Park scheme aims to realise the vision of PM Modi of building an Aatmanirbhar Bharat and to position India strongly on the global textiles map. The government of India approved PLI for textiles products, namely MMF apparel, MMF fabrics and products of technical textiles, for enhancing India’s manufacturing capabilities and enhancing exports with an approved financial outlay of ₹10,683 crore over a five-year period. To further boost the growth of the sector, centre also removed the import duty of cotton.
Indorama has invested in its plant in Halol under 100 per cent FDI. The new facility has about 12-acre land sufficient for nonwoven line expansion up to 3 high speed lines. In the first phase nearly ₹175 crore has been invested, the ministry of textiles said in a statement.
The investment is done with 100 per cent FDI from Israel and technology transfer from Israeli parent entity. The plant will have ₹200 crore revenue with an annual capacity of 10,000 MT specialty nonwoven fabrics. This will help to substitute imports savings forex outflow worth $25 million per annum from the country.
Fibre2Fashion News Desk (KD)
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