Boost textile sector with 10,683 Cr.– The Union Cabinet has approved a Rs 10,000 crore project to boost the textiles sector.
The meeting of the Union Cabinet was held in Delhi under the chairmanship of Prime Minister Modi. Speaking on the occasion, Union Textiles Minister Piyush Goyal said that an incentive scheme of Rs 10,683 crore has been approved to increase production and exports in the textile sector. He said that the states with textile industry will benefit greatly from this.
Boost textile sector with 10,683 Cr.
Minister Piyush Goyal also said that for the upcoming Rabi season, an increase in the purchase price of crops including wheat, barley, pulses and mustard has been approved.
Purchase of 56 transport aircraft
Meanwhile, the Union Cabinet of Defense Ministers has approved the purchase of 56 transport aircraft for the Indian Air Force. The minister said 16 of the 56 aircraft would be procured from Spain within the next four years.
40 aircraft will be manufactured by Tata in India
According to a statement from the Ministry of Defense, another 40 aircraft will be manufactured by Tata in India. The report said that this is the first time that an aircraft used by the military has been manufactured in India by a private company.
Boost domestic employment
Boost textile sector with 10,683 Cr. The Defense Ministry has said that production of defense equipment in the private sector will result in substantial foreign exchange savings for the country and boost domestic employment.
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Will attract fresh investment
Boost textile sector with 10,683 Cr.: It is felt that promotion and Boost up of textile industry will lead to increase in employment. This initiative will attract fresh investment of more than Rs 19,000 crore, a cumulative turnover of over Rs 3 trillion, and create additional employment opportunities of more than 750,000 jobs in this sector.
Technical textile new-age material
Technical textile is a new-age material that can be used to produce personal protective equipment kits, airbags, bulletproof vests, and can also be used in sectors such as aviation, defense and infrastructure. MMFs, such as viscose, polyester and acrylic, are made from chemicals.
Top 10 Textile Companies in India 2021
Textile industry is a very big industry in India, we are telling you the top ten famous names of textile industry in India.
In this post check list of Top 10 textile companies in India. The Raking lists are based on total sales in the year 2019. See the textile industry and then we move on to the companies.
List of Top 10 textile companies in India
- 1. Arvind Ltd
- 2. Vardhman Textiles Ltd
- 3. Welspun India Ltd
- 4. Raymond Ltd
- 5. Trident Ltd
- 6. K P R Mill Ltd
- 7. Page Industries Ltd
- 8. Nitin Spinners Ltd
- 9. Rupa & Company Ltd
- 10. Himatsingka Seide Ltd
Top Ten Textile company’s Revenue, Employees, Debt
Read below detail about Top Ten Textile company’s Revenue, Employees, Debt
1. Arvind Ltd
Revenue and Employees in Arvind Ltd. in Textile Industry.
- Revenue: Rs 7,229 Cr
- Employees: 42,000
- Debt: Rs2,700 Cr
- Processing Capacity: 240 MMPA
2. Vardhman Textiles Ltd
Revenue and Employees in Vardhman Textiles Ltd. in Textile Industry.
- Revenue: Rs 6,706 Cr
- Processing Capacity: 140 MMPA
- Employees: 22939 (Including contractual manpower)
- Debt: Rs 1,975 Cr
3. Welspun India Ltd
Revenue and Employees in Welspun India Ltd. in Textile Industry.
- Revenue: Rs 6,828 Cr
- Employees: 22,194 permanent employees
- Debt: Rs 3,310 Cr
4. Raymond Ltd
Revenue and Employees in Raymond Ltd. in Textile Industry.
- Revenue: Rs 6,767 Cr
- Employees: 7087
- Debt: Rs 2,468 Cr
- Processing Capacity: 110 MMPA
5. Trident Ltd
Revenue and Employees in Trident Ltd. in Textile Industry.
- Revenue: Rs 5,394 Cr
- Employees: 13,816
- Debt: Rs 2,436 Cr
6. K P R Mill Ltd
Revenue and Employees in K P R Mill Ltd. in Textile Industry.
- Revenue: Rs 3,384 Cr
- Employees: 13,424
- Debt: Rs 856 Cr
7. Page Industries Ltd
Revenue and Employees in Page Industries Ltd. in Textile Industry.
- Revenue: Rs 2,872 Cr
- Employees: 19419
- Debt: Rs 85 Cr
8. Nitin Spinners Ltd
Revenue and Employees in Page Nitin Spinners Ltd. in Textile Industry.
- Revenue: Rs 1,226 Cr
- Employees: 3,130
- Debt: Rs 860 Cr
- Processing Capacity: 240 MMPA
9. Rupa & Company Ltd
Revenue and Employees in Rupa & Company Ltd. in Textile Industry.
Data according 31 march 2019 audit
- Revenue: 1,11,363.28 Lakh
- Total Liabilities: 42,378.09 Lakh
10. Himatsingka Seide Ltd
Market Cap Dividend and Debt in Himatsingka Seide Ltd . in Textile Industry.
- Market Cap: 1,403 Cr.
- Stock P/E: 7.10
- Dividend Yield: 3.51 %
- ROCE: 12.16 %
- ROE: 14.55 %
- Sales Growth (3Yrs): 11.48 %
- Promoter holding: 47.57 %
- Debt to equity: 1.96
- Price to book value: 0.99