Major New capacity Buildup in Textile sector.

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In terms of data, from April-August 2019, about 90 companies have filed for Industrial Entrepreneurs’ Memoranda (IEMs), related to investment in textile and clothing. Of these 90 proposals, 34 were related to yarn manufacturing (both cotton and MMF), weaving sector attracted 15 proposals, 14 proposals were related to the RMG sector, nine proposals were for textile processing, seven were for technical textiles, six for knitted fabrics, and four for home textiles.

In terms of capacity, the IEMs have proposed yarn manufacturing of 3.50 million tons, fabric (both woven and knit) production of 66.87 million metres, textile processing capacities of 155.91 million metres, and RMG of 670 million pieces.

Some leading investors in the yarn manufacturing sector include Indian Oil Corporation, Indorama Industries, ShekhawatiGeotech, Arvind Dyeing & Bleaching, Vedha Spinning Mills, Filatex India Ltd, Sudhan Spinning Mills etc.

In weaving sector, investors include BMD Pvt Ltd, Shakti Polyweave, Siyaram Silk Mills, Shri Velayudhaswamy Spinning Mills, Balar Synthetics, among others. In processing, some of the IEMs are from Shri Narayan Fabrics, ParshwaTexprint, Panorama Print (digital printing), Ichalkaranji Powerloom Mega Cluster. RMG IEMs are from companies such as SP Apparels, Page Industries, Shriniwas Polyfabrics, etc.