India is the world s third-largest exporter of textiles and apparel with a 4.6% share of global trade, and ranks among the top five exporters in several textile categories
Indian textile sector is expected to attract ₹95,000 crore investments in the next four-six years from two schemes – the production-linked incentive (PLI) to the sector, and the proposed seven PM Mega Integrated Textile Regions and Apparel (PM MITRA) parks and generate over 2.25 million additional jobs, a senior official said. | Latest News India
In a recent development, the government revealed significant progress in key sectors aimed at boosting economic growth. The Ministry of Textiles disclosed that eight sanctioned PM Mitra Parks have been meticulously mapped on the PM GatiShakti National Master Plan (NMP) portal. This strategic move is expected to streamline the implementation of projects, fostering efficiency and coordination.
Piyush Goyal: The Minister of Textiles highlighted that the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Park is being established across 7 states to promote India s textile sector in a significant manner.