The Cabinet has approved 7 PM Mega Integrated Textile Region and Apparel (MITRA) Parks.
Highlights:
The MITRA parks will be set up costing Rs 4445 crores in five years.
The park was announced as a part of Union Budget 2021-22, which will help India stand at par with Global textile giants.
These MITRA Parks were established in greenfield or brownfield sites in different states.
This will also help with the EMPLOYMENT opportunities with 7 lakh direct jobs and 14 lakh indirect jobs.
Till now, states like Nadu, Andhra Pradesh, Assam, Gujarat, Rajasthan, and 5 more have shown interest in the establishment.
A Rs 500 crore Maximum Development Capital Support (DCS) will be provided to Greenfield PM MITRA.