Union Budget 2021: Scheme unveiled to set up mega textile pa

Union Budget 2021: Scheme unveiled to set up mega textile parks in India


Union Budget 2021: Scheme unveiled to set up mega textile parks in India
PTI
Finance Minister Nirmala Sitharaman made the announcement while presenting the Budget 2021-22 in Parliament.
“A scheme of mega investment textile parks will be launched in addition to the PLI scheme,” Sitharaman said.
She informed that 7 mega textile parks will be launched in three years as part of the scheme.
The mega textile parks will have integrated facilities and quick turnaround time for minimizing transportation losses, eyeing big-ticket investments in the sector.
The textile ministry had recently said a scheme and a Mega Integrated Textile Region and Apparel (MITRA) Park, in over 1,000 acres of land with state-of-the-art infrastructure, common utilities and Research and Development (R&D) lab, are under consideration.

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