SVP Global Textiles has received an approval to venture into technical textiles segment from the Ministry of Textiles under its Production Linked Incentive (PLI) Scheme notified on April 14, 2022.
The company has intended to invest approximately Rs 100 crore to set up a green-field facility for technical textiles. The facility is planned to be set up at company’s existing plant location at Jhalawar, Rajasthan where all basic infrastructure is available. The plant is planned to be set up in 12 to 15 months and expected to generate an annual turnover of approximately Rs 200 crore. The company plans to manufacture protective uniforms and functional garments, medical textile, mobiltech, hometech, anti-odour and antibacterial knitted fabric for sports, medical and cosmetic uses in apparel sector.
SVP Global Ventures was incorporated with the main object of carrying on the business as an investment company. Later the company diversified to the business of media and entertainment. The company currently carries on the business activities of jewellery, hospitality and books & DVDs.
| Company Name | CMP |
|---|---|
| Welspun Living | 126.75 |
| Vardhman Textiles | 549.50 |
| Arvind | 385.05 |
| K.P.R. Mill | 919.20 |
| Page Industries | 38400.65 |
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