The seven mega textiles parks under PM MITRA scheme are coming up in Tamil Nadu (Virudhnagar), Telangana (Warangal), Gujarat (Navsari), Karnataka (Kalburgi), Madhya Pradesh (Dhar), Uttar Pradesh (Lucknow/Hardoi) and Maharastra (Amravati).
According to Textiles Secretary Rachna Shah, the seven PM MITRA mega textile parks and the PLI plan for man-made fabrics and technological textile goods are projected to bring in Rs 95,000 crore in investments to India’s textile industry over the next three to five years.
She said that in addition to the two programs, the textile industry would attract investments from a number of other sources, including as foreign direct investment (FDI), underscoring the government’s emphasis on fostering “sunrise sectors” of clothing, technological textiles, and man-made fabric.
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The textiles secretary informed that “much more substantive outcomes” are being envisaged from the Bharat Tex 2025 mega textiles event to be held in February next year, in terms of not only MoUs but also investments and business generation.
Since we have seven textile parks, it is anticipated that each one would bring in around Rs 10,000 crore in investment, or roughly Rs 70,000 crore plus an additional Rs 25,000 crore under the PLI plan for technical textiles and MMF fibre.
“A portion of the PLI investments have already been grounded, and these significant investments should come under the schemes themselves in the next three to five years. In addition to the programs, there will undoubtedly be a lot of additional investments, including foreign direct investment and investment from various sources, the Textile Secretary told PTI.
The seven mega textiles parks under PM MITRA scheme are coming up in Tamil Nadu (Virudhnagar), Telangana (Warangal), Gujarat (Navsari), Karnataka (Kalburgi), Madhya Pradesh (Dhar), Uttar Pradesh (Lucknow/Hardoi) and Maharastra (Amravati).