India’s textiles to get Rs 95,000 core investment via PM MITRA, PLI Schemes

India's textiles sector is projected to secure investments of Rs 95,000 crore through the PM MITRA mega textile parks and the Production Linked Incentive (PLI) scheme for man-made fabrics (MMF) and technical textiles over the next 3-5 years, said Textiles Secretary Rachna Shah. Shah emphasized that seven PM MITRA textile parks will attract Rs 70,000 crore, while the PLI scheme will bring in Rs 25,000 crore. She added that Bharat Tex 2025, scheduled for February, is expected to generate substantial business and investment outcomes. The textile parks will be developed in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, and Maharashtra. The government’s focus on man-made fabrics and technical textiles aims to promote ‘sunrise sectors,’ boosting both domestic and foreign investments, including FDI. Special Secretary P Kumaran urged foreign missions to engage in Bharat Tex 2025 for potential joint ventures and sourcing opportunities, further enhancing India's position in the global textile market. The Rs 10,683 crore PLI scheme was approved in 2021 to stimulate MMF and technical textiles production over a five-year period.