Going big on the textile industry and its Make in India effort, the Indian government has planned to set up seven mega textile parks under PM Mega Integrated Textile Regions and Apparel (PM MITRA) scheme.
These parks will come up in seven states -- Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh.
Indian Prime Minister Narendra Modi in a tweet stated that the parks would "provide state-of-the-art infrastructure for the textiles sector, attract investment of crores and create lakhs of jobs". The scheme was announced in October 2021, and the parks will be set up by 2026-27.
The total outlay for the project is Rs 4,445 crore, though the initial allocation in the 2023-24 Budget is only Rs 200 crore.
"PM MITRA mega textile parks will boost the textiles sector in line with 5F (Farm to Fibre to Factory to Fashion to Foreign) vision," PM Modi tweeted.
Read more at: https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/india-to-have-seven-mega-textile-parks-projects-to-generate-over-20-lakh-jobs/articleshow/99335460.cms
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