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Gujrat Textiles Minister inaugurates the Avgol Nonwoven's New Manufacturing facility at Halol

Updated: Jun 30, 2022 12:16:16pm
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Gujrat Textiles Minister inaugurates the Avgol Nonwoven's New Manufacturing facility at Halol

Halol, June 30 (KNN) Darshana Jardosh, Union Minister of State for Textiles and Railways inaugurated the Avgol Nonwoven's New Manufacturing facility at Halol in Gujarat.

The new manufacturing facility has around 12-acre land sufficient for Non-woven Line expansion up to 3 High-Speed lines. The investment for the first phase of the project is estimated to be Rs 175 Crore.

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The investment is done with 100% FDI from Israel and technology transfer from the Israeli Parent Entity. The plant will have Rs 200 Crores Revenue with an annual capacity of 10,000 MT specialty nonwoven fabrics. This will help to substitute imports savings forex outflow worth 25 million USD per annum from the country and contribute to the flagship Make in India scheme.

Speaking at the occasion virtually, Jardosh said “there is a great response to the Production Linked Incentive (PLI) scheme and PM Mitra Parks in the country. The Government’s primary focus is on Five Fs-Fibre to Farm to Fabric to Fashion to Foreign.”

“The contribution of India towards man-made fibre in the global market is 25%. And in order to increase this share, PLI Scheme and PM Mitra Parks will help us to achieve the desired scale and size while also emerging as a strong competitor in the global market. Indorama has invested in its plant in Halol under 100% FDI,” she added.

The PM Mitra Park scheme aims to build on the country’s vision of an Aatmanirbhar Bharat and to position India strongly on the Global textiles map. 

The Government has the approved Production-Linked Incentive (PLI) Scheme 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 Rs 10,683 crore over a five-year period.  (KNN Bureau)

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