India's textiles sector is expected to attract investments to the tune of Rs 95,000 crore from the seven PM MITRA mega textile parks, and also from the PLI scheme for man-made fabrics and technical textile products over three to five years.

"Some of the investment under PLI has already been grounded and in the next 3-5 years or so we should have these large investments coming under the schemes itself, ", Textiles Secretary Rachna Shah said.

The seven mega textiles parks under PM MITRA scheme are coming up in Virudhnagar, Tamil Nadu, Warangal in Telangana, Navsari in Gujarat, Kalburgi in Karnataka, Dhar in Madhya Pradesh, Lucknow/Hardoi in Uttar Pradesh and Amravati in Maharastra.

Apart from the two schemes, the textiles sector will also draw investment from channels like foreign direct investment (FDI), led by government's focus on promoting 'sunrise sectors' of man-made fabric, apparel and technical textile. Bharat Tex 2025 mega textiles event will be held in February next year.