The Union Cabinet has approved a proposal for setting up of Rs 4,445 crore mega investment textile parks.
The proposal envisages setting up of seven PM Mega Integrated Textile Region & Apparel (PM MITRA) parks over five years. The move will help generate employment and attract investments for the sector.
The seven MITRA parks will be set up at greenfield and brownfield sites located in different willing states. Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh and Telangana have expressed interest.
The sites for the parks will be selected by a challenge method based on objective criteria.