: States identified for PM MITRA Parks for Textiles to be announced soon: Union Minister Piyush Goyal #FinanceIndia #StockMarketNEWS States identified for PM MITRA Parks for Textiles to be announced

@StockMarketNEWS Mon 20 Mar, 2023

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States identified for PM MITRA Parks for Textiles to be announced soon: Union Minister Piyush Goyal #FinanceIndia #StockMarketNEWS
States identified for PM MITRA Parks for Textiles to be announced soon: Union Minister Piyush Goyal Jaipur, Mar 16 (KNN) The government has finalised the states for setting up the seven Mega Integrated Textile Region and Apparel Parks at an outlay of Rs 4,445 crore, Union Minister Piyush Goyal said on Wednesday.

Addressing the Global Textile Conclave virtually, the textile minister informed that the sites for PM MITRA Parks are being chosen through a Challenge Method based on objective criteria and the government will soon announce the names of the states.

Earlier, the government had invited proposals from the state governments having ready availability of contiguous and encumbrance-free land parcels of over 1,000 acres along with other textiles related facilities & ecosystems.

The MITRA Parks aims to create an integrated textiles value chain right from spinning, weaving, processing/dyeing, and printing to garment manufacturing at one location. This will help reduce the logistics costs of the Industry.

The Parks will be established under the PM MITRA scheme which is inspired by the Prime Ministers 5F vision Farm to Fibre to Factory to Fashion to Foreign.

The government had received 18 applications from 13 States for the seven Mega Integrated Textile Region and Apparel parks approved earlier, which are in the "advanced stage" of consideration, Textile Secretary Rachna Shah said earlier this month. (KNN Bureau)

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