Textiles Ministry issues notification for Setting up 7 PM MITRA Parks

at 11:41 am
Union Textiles Minister Piyush Goyal (file pic)

New Delhi:  Ministry of Textiles has issued Notification for setting up of 7 PM MITRA Parks as announced in Union Budget for 2021-22 and approved by the Central Government. The Notification is available on the Ministry’s web-site: http://texmin.nic.in

Scheme aims to realise the vision of Prime Minister Narendra Modi of building an Aatmanirbhar Bharat and to position India strongly on the Global textiles map, official release said.

PM MITRA Parks is envisaged to help India in achieving the United Nations Sustainable Development Goal 9 (“Build resilient infrastructure, promote sustainable industrialization and foster innovation”).

PM MITRA is inspired by the 5F vision of Prime Minister. The ‘5F’ Formula encompasses – Farm to fibre; fibre to factory; factory to fashion; fashion to foreign. This integrated vision will help furthering the growth of textile sector in the economy. No other competing nation has a complete textile ecosystem like us. India is strong in all five Fs.

Scheme is to develop integrated large scale and  modern industrial infrastructure facility for entire value-chain of the textile industry. It will reduce logistics costs and improve competitiveness of Indian Textiles.

Scheme will help India in attracting investments, boosting employment generation and position itself strongly in the global textile market.

These parks are envisaged to be located at sites which have inherent strength for Textile Industry to flourish and have necessary linkages to succeed.