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Centre announces launch of Mega Investment Textiles Parks Scheme

Tuesday, 02 Feb 2021

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The Centre has proposed a Scheme of Mega Investment Textiles Parks (MITRA) to enable textile industry to become globally competitive, attract large investments, boost employment generation and exports.

This will create world-class infrastructure with plug-and-play facilities to create global promoters in exports. MITRA will be launched in addition to the Production Linked Incentive (PLI) Scheme.

Seven textile parks will be established over a period of three years.

Along with the PLI Scheme, MITRA will lead to increased investments and enhanced employment opportunities.

During the Union Budget 2021-22, Union Finance and Corporate Affairs Minister Nirmala Sitharaman announced of bringing nylon chain on a par with polyester and other man-made fibres.