Modi Govt’s Mega Push to Make India Global Hub of Export; Clears Mega Textile Park Scheme

Union Cabinet on Wednesday has approved the much-awaited scheme to set up mega investment textile parks in India, sources said. The textile ministry will build seven on over acres in the next three years. This move will help to attract foreign direct investments (FDI) into the textile sector and generate thousand of employments.

This will create world class infrastructure with plug and play facilities to enable create global champions in exports, Union finance minister Nirmala Sitharaman announced during Budget.

Unveiled in Budget 2021, the mega textile parks will have integrated facilities and quick turnaround time for minimising transportation losses. It will also help to position India as a fully in integrated, globally competitive manufacturing and exporting hub for the textile sector, the Union government said earlier.

“MITRA will be a game changer for the Indian textiles industry. Along with the Production Linked Incentive (PLI) scheme, MITRA will lead to increased investments and enhanced employment opportunities,” said Union  minister for women & child development Smriti Z Irani.

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