7 days ago
- Business
- Fashion Value Chain
Nobel Hygiene Secures ₹25 Cr PLI Grant for FY 2024–25
Nobel Hygiene, a leading Indian player in the hygiene products sector, has been awarded ₹25 crore under the Production Linked Incentive (PLI) scheme by the Ministry of Textiles for FY 2024–25. Out of more than 50 applicants in the diaper segment, Nobel Hygiene is one of only two companies selected—an acknowledgment of its strong commitment to boosting domestic manufacturing and furthering the Indian government's Atmanirbhar Bharat mission.
This prestigious recognition underscores the company's strategic efforts to strengthen India's hygiene sector. It follows Nobel Hygiene's recent ₹180 crore investment in a new greenfield manufacturing facility. The state-of-the-art plant is designed to enhance production capabilities, integrate cutting-edge technologies, and support the company's growing presence across the country.
The PLI grant will play a pivotal role in driving innovation, efficiency, and self-reliance in India's hygiene manufacturing ecosystem. The incentive allows Nobel Hygiene to scale operations and meet increasing domestic demand, especially in underserved markets where access to quality hygiene products remains a priority.
In light of this milestone, the company is open to facilitating a conversation with Mr. Nikhil Datye, CFO, Nobel Hygiene, to delve deeper into this achievement. Key topics for discussion include:
The strategic importance of the Ministry of Textiles' recognition
How the PLI grant is accelerating product innovation within the hygiene sector
The company's roadmap for scaling operations and aligning with national self-sufficiency goals
With this support, Nobel Hygiene is positioned to lead a transformative shift in India's hygiene landscape while contributing meaningfully to the textile sector's modernization. The company's role in building capacity and leveraging local capabilities serves as a model for how public-private synergy can drive sustainable and inclusive industrial growth.
