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Developers to incur 70% cost of developing mega textile parks

  

Upendra Prasad Singh, Union Textiles Secretary has directed private master developers to incur 70 per cent of the cost involved to develop an integrated value chain in a mega textile park. The government has received proposals from 17 states for the PM Mega Integrated Textile Region and Apparel (PM MITRA) scheme or the mega textile park scheme, which will be developed with a capital of Rs 4,445 crore within a span of seven years up to 2027-28.

Among the states that have expressed interest include: Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Madhya Pradesh, and Telangana. The mega textile parks scheme will help India expand its textile business besides reducing logistics costs, opines Singh. Announced in the Union Budget 2021, the PM-MITRA scheme aims to make Indian textile industry globally competitive. The scheme will create world-class infrastructure with plug-and-play facilities, besides giving rise to exporters of global standards. The scheme will also enhance the overall income and uplift the quality of life of textile workers associated with the PM-Mitra scheme,

 
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