New Delhi, The federal government on Monday unveiled a scheme for location up mega textile parks in the place, as portion of the Centre’s endeavours to place India as a entirely integrated, globally aggressive manufacturing and exporting hub for the sector. Finance Minister Nirmala Sitharaman made the announcement even though presenting the Spending budget 2021-22 in Parliament.
“A scheme of mega expenditure textile parks will be introduced in addition to the PLI scheme,” Sitharaman claimed.
She knowledgeable that 7 mega textile parks will be introduced in 3 yrs as portion of the scheme.
The mega textile parks will have integrated services and speedy turnaround time for reducing transportation losses, eyeing major-ticket investments in the sector.
The textile ministry had not long ago claimed a scheme and a Mega Built-in Textile Location and Clothing (MITRA) Park, in in excess of 1,000 acres of land with condition-of-the-art infrastructure, common utilities