PM Narendra Modi Broadcasts Setting Up Of Mega Textile Parks In 7 States



The PM MITRA Parks shall be arrange with an outlay of Rs 4,445 crore (Representational)

New Delhi:

Prime Minister Narendra Modi on Friday introduced that PM MITRA mega textile parks can be arrange in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh.

Taking to Twitter, PM Modi mentioned, ”PM MITRA mega textile parks will enhance the textiles sector according to 5F (Farm to Fibre to Manufacturing facility to Trend to Overseas) imaginative and prescient. Glad to share that PM MITRA mega textile parks can be arrange in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, MP and UP.”

He added, ”The PM MITRA mega textile parks will present state-of-the-art infrastructure for the textiles sector, attracts funding of crores and create lakhs of jobs. It will likely be an important instance of ‘Make in India’ and ‘Make For the World’.”

Investments to the tune of about Rs 1,536 crore have been made to this point within the textiles trade below the Manufacturing-Linked Incentive, mentioned the Ministry of Textiles.

As a part of its Atmanirbhar plan, the Authorities launched Manufacturing Linked Incentive (PLI) schemes in various sectors to make Indian producers globally aggressive, entice investments, improve exports, combine India into the worldwide provide chain and scale back dependency on imports.

For the textile trade, the federal government has launched the scheme with an authorized monetary outlay of Rs10,683 crore for textiles to attain measurement and scale and to turn out to be aggressive.

Functions below the PLI scheme for textiles have been obtained by way of the portal from January 1, 2022, to February 28, 2022.

A complete of 67 functions have been obtained and the choice committee chaired by Secretary (Textiles) has chosen 64 candidates.

Of them, 56 candidates have accomplished the obligatory standards for the formation of a brand new firm, and approval letters have been issued to them, the ministry mentioned in a year-ender assessment of the Division.

Additional, the Authorities had authorized the establishing of seven (seven) PM Mega Built-in Textile Area and Attire (PM MITRA) Parks to develop world-class infrastructure with an outlay of Rs 4,445 crore for a interval as much as 2027-28.

“The rules in respect of the scheme have been printed and there have been a number of interactions with State Governments for inviting proposals. In response 18 proposals from 13 States have been obtained,” the ministry mentioned within the year-ender assessment.

(Apart from the headline, this story has not been edited by Timesof24 employees and is printed from a syndicated feed.)

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