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

Union Ministers Piyush Goyal and Anurag Thakur introduced {that a} proposal for organising of Rs 4,445 crore mega funding textile parks has been authorized throughout a cupboard briefing on Wednesday.

“Union Cupboard approves organising of seven PM Mega Built-in Textile Area & Attire (PM MITRA) parks with a complete outlay of Rs 4,445 crores over 5 years. Transfer impressed by 5F imaginative and prescient of PM Modi – Farm to Fibre to Manufacturing facility to Trend to International,” stated Goyal.

The transfer will assist generate employment and entice investments for the sector, the ministers added.

First introduced in Funds 2021-22, every park will generate round 1 lakh direct and a pair of lakh oblique employment.The seven MITRA parks will likely be arrange at greenfield and brownfield websites situated in several keen states. Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh and Telangana have expressed curiosity.

The websites for the parks will likely be chosen by a Problem Technique primarily based on goal standards.

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