Cabinet approves Rs 4,445 crore PM MITRA Yojana to setup mega textile parks, Retail News, ET Retail

Union Ministers Piyush Goyal and Anurag Thakur announced that a proposal for placing up of Rs 4,445 crore mega expenditure textile parks has been permitted in the course of a cupboard briefing on Wednesday. “Union Cupboard approves placing up of 7 PM Mega Integrated Textile Location & Apparel (PM MITRA) […]

Union Ministers Piyush Goyal and Anurag Thakur announced that a proposal for placing up of Rs 4,445 crore mega expenditure textile parks has been permitted in the course of a cupboard briefing on Wednesday.

“Union Cupboard approves placing up of 7 PM Mega Integrated Textile Location & Apparel (PM MITRA) parks with a whole outlay of Rs 4,445 crores in excess of 5 a long time. Shift influenced by 5F eyesight of PM Modi – Farm to Fibre to Factory to Fashion to International,” claimed Goyal.

The shift will enable create work and attract investments for the sector, the ministers added.

1st announced in Funds 2021-22, each park will create around one lakh immediate and 2 lakh oblique work.The seven MITRA parks will be established up at greenfield and brownfield sites positioned in various ready states. Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh and Telangana have expressed curiosity.

The sites for the parks will be picked by a Challenge Process dependent on objective conditions.

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