Fibre2Fashion Toggle navigation 01 Pic: SN040288 / Shutterstock.com The announcement on setting up of seven mega textiles parks is the highlight of the Union Budget 2021-22, directly impacting the textile industry, The Clothing Manufacturers Association of India (CMAI), the apex association of the apparel industry of the country, has said. Several announcements impacting consumer spending will help the apparel sector. Welcomed the Union Budget presented today in the Parliament by the Union finance minister Nirmala Sitharaman, CMAI president Rajesh Masand said the announcement of mega textiles parks is in line with the government’s intention to encourage mega projects and increasing the scale of operations in the textile Industry. "This has to be applauded. A particular positive aspect of this scheme is the incorporation of Plug & Play model which will enable the members of such parks to avoid huge capital expenditure outlays."