Lok Sabha Question No. 1952 (UNSTARRED), answered on 2015-12-10
Subject: Investment by Textile Companies
Ministry: TEXTILES
Asked by: PR. SENTHILNATHAN

## LOK SABHA UNSTARRED QUESTION NO.1952 TO BE ANSWERED ON 10.12.2015

## INVESTMENT BY TEXTILE COMPANIES

## 1952.   SHRI PR. SENTHIL   NATHAN:

Will the Minister of TEXTILES वस्त्र मंरी be pleased to state:

- (a) whether the Indian textile companies   have invested in various countries in the   recent past ;
- (b) if so, the details and the objectives   thereof; and
- (c) the total amount invested by these   companies, country-wise?

उत्तर ANSWER वस्त्र राज  ् य मंरी ( स्त्वतंर प्रभार ) ( श्री संतोष कु मार गंगवार ) MINISTER OF STATE (INDEPENDENT CHARGE) IN THE MINISTRY OF TEXTILES (SHRI SANTOSH KUMAR GANGWAR)

- (a) to (c): Yes Sir. Investment made by Indian textile companies in various countries as per information published by RBI for the period October 2014 to October  2015  is  given  at  Annex.  Indian  Textile  Companies  have  invested about  55  million  US  dollar  from  Oct.14  -  Oct.15,  either  through  the  Joint Venture Mode or through the wholly owned subsidiary mode in countries like Ethiopia, United Kingdom,  United States of America,  Hongkong.  The objectives for such investment range from expansion of markets, to exploiting duty  free  market  access  in  Europe  available  to  Ethiopia,  cheap  labour  and technology transfer.

| OUTWARDFDI Name of the Indian Party    | FROMINDIA IN Name of the JV/WOS                  | TEXTILEs Whether JV/WOS   | in US Overseas Country   | dollar Million Major Activity                    |   fro Oct Equity * |   14 to Loan * |   Oct 15 Guarantee Issued * |   Total | Period       |
|----------------------------------------|--------------------------------------------------|---------------------------|--------------------------|--------------------------------------------------|--------------------|----------------|-----------------------------|---------|--------------|
| 1 ARVIND LTD.                          | ARVIND LIFESTYLE APPAREL MANUFACTURING PLC       | WOS                       | ETHIOPIA                 | MANUFAC TURING                                   |             0.075  |          0     |                           0 |  0.075  | October 2015 |
| 2 KANORIA CHEMICALS & INDUSTRIES       | KANORIA AFRICA TEXTILE PLC                       | JV                        | ETHIOPIA                 | MANUFAC TURING                                   |             1      |          0     |                           0 |  1      | October 2015 |
| LTD. 3 ARVIND LTD.                     | ARVIND LIFESTYLE APPAREL MANUFACTURING PLC       | WOS                       | ETHIOPIA                 | MANUFAC TURING                                   |             0.03   |          0     |                           0 |  0.03   | Sep-15       |
| 4 KANORIA CHEMICALS & INDUSTRIES       | KANORIA AFRICA TEXTILE PLC                       | JV                        | ETHIOPIA                 | MANUFAC TURING                                   |             0.425  |          0     |                           0 |  0.425  | Sep-15       |
| LTD. 5 S.P.APPARELS LIMITED            | S.P.APPARELS (UK) (P) LIMITED                    | WOS                       | UNITED KINGDOM           | MANUFAC TURING                                   |             0.062  |          0     |                           0 |  0.062  | Sep-15       |
| 6 TEXTRADE INTERNATION AL LIMITED      | TEXTRADE USA,INC                                 | WOS                       | UNITED STATES OF AMERICA | MANUFAC TURING                                   |             0      |          0.025 |                           0 |  0.025  | Sep-15       |
| 7 ARVIND LTD.                          | ARVIND LIFESTYLE APPAREL MANUFACTURING PLC       | WOS                       | ETHIOPIA                 | MANUFAC TURING                                   |             0.1799 |          0     |                           0 |  0.1799 | Jul-15       |
| 8 KANORIA CHEMICALS & INDUSTRIES LTD.  | KANORIA AFRICA TEXTILE PLC                       | JV                        | ETHIOPIA                 | MANUFAC TURING                                   |             0.4    |          0     |                           0 |  0.4    | Jul-15       |
| 9 TEXTRADE INTERNATION AL LIMITED      | TEXTRADE USA,INC                                 | WOS                       | UNITED STATES OF AMERICA | MANUFAC TURING                                   |             0      |          0.052 |                           0 |  0.052  | Jul-15       |
| 10 ALOK INDUSTRIES LTD                 | ALOK INTERNATIONAL INC                           | WOS                       | UNITED STATES OF AMERICA | MANUFAC TURING                                   |             0      |          0.25  |                           0 |  0.25   | Jun-15       |
| 11 ARVIND LTD.                         | ANF GULF GARMENT FACTORY PRIVATE LIMITED COMPANY | WOS                       | ETHIOPIA                 | MANUFAC TURING                                   |             0.25   |          0     |                           0 |  0.25   | Jun-15       |
| 12 KANORIA CHEMICALS & INDUSTRIES LTD. | KANORIA AFRICA TEXTILE PLC                       | JV                        | ETHIOPIA                 | MANUFAC TURING                                   |             0.3    |          0     |                           0 |  0.3    | Jun-15       |
| 13 ARVIND LTD.                         | ANF GULF GARMENT FACTORY PRIVATE LIMITED COMPANY | WOS                       | ETHIOPIA                 | MANUFAC TURING                                   |             0.1624 |          0     |                           0 |  0.1624 | May-15       |
| 14 KANORIA CHEMICALS & INDUSTRIES LTD. | KANORIA AFRICA TEXTILE PLC                       | JV                        | ETHIOPIA                 | MANUFAC TURING                                   |             0.5    |          0     |                           0 |  0.5    | May-15       |
| 15 S.P.APPARELS LIMITED                | S.P.APPARELS (UK) (P) LIMITED                    | WOS                       | UNITED KINGDOM           | MANUFAC TURING                                   |             0.0599 |          0     |                           0 |  0.0599 | May-15       |
| 16 ALOK INDUSTRIES LTD                 | ALOK INTERNATIONAL INC                           | WOS                       | UNITED STATES OF AMERICA | MANUFAC TURING                                   |             0      |          2.5   |                           0 |  2.5    | Apr-15       |
| 17 ARVIND LTD.                         | ANF GULF GARMENT FACTORY PRIVATE LIMITED COMPANY | WOS                       | ETHIOPIA                 | MANUFAC TURING                                   |             0.17   |          0     |                           0 |  0.17   | Apr-15       |
| 18 TARUN BAKSHI                        | T&J APPARELS (FZC)                               | JV                        | UNITED ARAB EMIRATES     | WHOLSAL E, RETAIL TRADE, RESTAUR ANTS AND HOTELS |             0.0204 |          0     |                           0 |  0.0204 | Apr-15       |
| 19 ALOK INDUSTRIES                     | ALOK INTERNATIONAL INC                           | WOS                       | UNITED STATES OF         | MANUFAC TURING                                   |             0      |          2.5   |                           0 |  2.5    | Mar-15       |
| LTD 20 ARVIND LTD.                     | ANF GULF GARMENT FACTORY PRIVATE LIMITED COMPANY | WOS                       | AMERICA ETHIOPIA         | MANUFAC TURING                                   |             1.74   |          0     |                           0 |  1.74   | Mar-15       |
| 21 CITRON INFRAPROJECT S LTD           | SVP TEXTILES PLC                                 | JV                        | ETHIOPIA                 | MANUFAC TURING                                   |             0.05   |          0     |                           0 |  0.05   | Mar-15       |
| 22 S.P.APPARELS LIMITED                | S.P.APPARELS (UK) (P) LIMITED                    | WOS                       | UNITED KINGDOM           | MANUFAC TURING                                   |             0.0156 |          0     |                           0 |  0.0156 | Mar-15       |
| 23 SARASWATI EXIM PVT. LTD             | AMER RUGS INC.                                   | WOS                       | UNITED STATES OF AMERICA | MANUFAC TURING                                   |             0.53   |          0     |                           0 |  0.53   | Mar-15       |

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| 24                                          | CITRON INFRAPROJECT                                           | SVP TEXTILES PLC        | JV ETHIOPIA              | MANUFAC TURING                                   | 0.021   | 0   | 0      | 0.021   | Feb-15     |
|---------------------------------------------|---------------------------------------------------------------|-------------------------|--------------------------|--------------------------------------------------|---------|-----|--------|---------|------------|
| 25                                          | S LTD LAKELAND GLOVES AND SAFETY APPAREL PRIVATE INDIAN SALES | &PANPACIFIC LIMITED WOS | HONGKONG                 | WHOLSAL E, RETAIL TRADE, RESTAUR ANTS AND        | 0.05 0  | 0   |        | 0.05    | Feb-15     |
| LIMITED 26 ALOK INDUSTRIES                  | ALOK INTERNATIONAL INC                                        | WOS                     | UNITED STATES OF AMERICA | HOTELS MANUFAC TURING                            | 0       | 22  | 0      | 22      | Jan-15     |
| LTD 27 RITESH KUMAR CHHABRA                 | APPARELS TRIMS SOLUTION LIMITED                               | WOS                     | HONGKONG                 | WHOLSAL E, RETAIL TRADE, RESTAUR ANTS AND HOTELS | 0.0026  | 0   | 0      | 0.0026  | Jan-15     |
| 28 SHRI GOVINDARAJA TEXTILES PRIVATE        | SGR TEX USA INC                                               | WOS                     | UNITED STATES OF AMERICA | MANUFAC TURING                                   | 0.125   | 0   | 0      | 0.125   | Jan-15     |
| LIMITED 29 CRAVATEX LIMITED                 | BB UKLIMITED                                                  | WOS                     | UNITED KINGDOM           | MANUFAC TURING                                   | 0 0     |     | 0.6723 | 0.6723  | Dec-14     |
| 30 KANORIA CHEMICALS INDUSTRIES             | & KANORIA AFRICA TEXTILE PLC                                  | WOS                     | ETHIOPIA                 | MANUFAC TURING                                   | 1.8     | 0   | 0      | 1.8     | Dec-14     |
| LTD. 31 MIRA TEXTILES & INDUSTRIES (INDIA)  | TURIYA STATE INC                                              | WOS                     | UNITED STATES OF AMERICA | MANUFAC TURING                                   | 0.5634  | 0   | 0      | 0.5634  | Dec-14     |
| LIMITED 32 THE BOMBAY DYEING& MFG. CO. LTD. | PT FIVE STAR TEXTILE INDONESIA (PTFS)                         | JV                      | INDONESIA                | MANUFAC TURING                                   | 0       | 0   | 8.2    | 8.2     | Dec-14     |
| 33 KANORIA CHEMICALS & INDUSTRIES LTD.      | KANORIA AFRICA TEXTILE PLC                                    | WOS                     | ETHIOPIA                 | MANUFAC TURING                                   | 0.3     | 0   | 0      | 0.3     | Nov-14     |
| 34 RITESH KUMAR CHHABRA                     | APPARELS TRIMS SOLUTION LIMITED                               | WOS                     | HONGKONG                 | WHOLSAL E, RETAIL TRADE, RESTAUR ANTS AND HOTELS | 0.0024  | 0   | 0      | 0.0024  | Nov-14     |
| 35 SUCHITRA YARN TRADERS                    | SUCHITRAYARN TRADERS                                          | WOS                     | ETHIOPIA                 | MANUFAC TURING                                   | 0.025   | 0   | 0      | 0.025   | Nov-14     |
| 36 ALOK INDUSTRIES LTD                      | ALOK INTERNATIONAL INC                                        | WOS                     | UNITED STATES OF AMERICA | MANUFAC TURING                                   | 0       | 6   | 0      | 6       | Oct - 2014 |
| 37 ALOK INFRASTRUCT URE LIMITED             | ALOK INDUSTRIES INTERNATIONAL LIMITED BV1                     | WOS                     | BRITISH VIRGIN ISLANDS   | MANUFAC TURING                                   | 0       | 4   | 0      | 4       | Oct - 2014 |
| 38 Total outward FDI                        | 38 Total outward FDI                                          |                         |                          |                                                  |         |     |        | 55.059  |            |
| Source : RBI                                | Source : RBI                                                  |                         |                          |                                                  |         |     |        |         |            |
| WOS:wholly owned Subsidiary                 | WOS:wholly owned Subsidiary                                   |                         |                          |                                                  |         |     |        |         |            |
| JV: Joint Venture                           | JV: Joint Venture                                             |                         |                          |                                                  |         |     |        |         |            |

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