India’s textile sector is poised to attract Rs. 95,000 crore in investments over the next four to six years, driven by the production-linked incentive (PLI) scheme and the proposed seven PM Mega Integrated Textile Regions and Apparel (PM MITRA) parks. These initiatives are expected to create over 2.25 million additional jobs. Textiles Secretary Rachna Shah revealed that the PM MITRA parks aim to draw Rs. 70,000 crore in investments with 2 million direct and indirect employments, while the PLI scheme is projected to bring in investments worth Rs. 25,000 crore with 250,000 additional jobs. The PLI scheme targets man-made fibre (MMF) fabric, MMF clothing, and technical textiles to bolster large-scale manufacturing and enhance competitiveness, with an expected turnover exceeding Rs. 3 lakh crore.
The PM MITRA parks, with a budget of Rs. 4,445 crore, seek to establish advanced industrial ecosystems, each attracting Rs. 10,000 crore in investments. The government aims to boost the textile sector from its current $154 billion to $350 billion by 2030 through various policy initiatives.
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