Budget 2021: Textile parks may attract big investments from players

Up to Rs 5,000 crore likely as big brands look to scale up manufacturing in the country

Large apparel manufacturers may consider investing in the seven textile parks proposed in the Union Budget on Monday. The Finance Minister Nirmala Sitharaman had said that textiles were a champion sector under its Make in India programme.

The parks, to be set up over 1,000 acres of land in three years, will be in addition to the Rs 10,683-crore production linked incentive (PLI) scheme for technical textiles and manmade fibre announced earlier.

Industry experts and executives that Business Standard spoke to said that up to Rs 5,000 crore could be pumped in by large garment manufacturers and exporters, keen to