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Tuesday, October 26, 2021

PM MITRA: Government’s big decision for the textile industry, approval to build 7 mega textile parks, Rs 4,445 crore will be spent

The Union Cabinet approved the MITRA scheme for the textile industry.

PM MITRA : The Union Cabinet on Wednesday approved the MITRA scheme for the textile industry. A total of Rs 4,445 crore will be spent under this scheme in the next five years. The cabinet has approved setting up of 7 Mega Integrated Textile Region and Apparel (PM MITRA) parks under this. Textiles Minister Piyush Goyal informed about this decision after the cabinet meeting chaired by Prime Minister Narendra Modi today.

Goyal said that with this step seven lakh people will get direct and 14 lakh indirect employment. The minister said that 10 states have already given EOI regarding the park. The development of PM Mitra will be done through Public Private Partnership (PPP), that is, the government will complete the projects under PPP in collaboration with private companies.

These textile parks will be built under Prime Minister Narendra Modi’s 5F. The government is emphasizing on setting up a mega-integrated textile park, where the manufacturing of clothes, their marketing, designing and export can all be done from one place. Having all the basic facilities in one place will help the textile sector to provide single employment in large numbers and make its entry in the export market. The textile sector provides employment in large numbers. India is the sixth largest exporter of clothing.

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