The Union Cabinet on Wednesday (October 6) approved PM MITRA (Mega Integrated Textile Region and Apparel) parks scheme for the textile sector to set up 7 integrated textile parks in the country.
The scheme will have a total expenditure of Rs 4,445-Cr over a period of 5 years, Under which MITRA parks will be developed by a special purpose vehicle, owned by state government and Centre, in a public-private partnership (PPP) mode. The parks will be set up at greenfield and brownfield sites in states which are interested to set up such parks.
Addressing a Cabinet briefing, Union Minister Piyush goyal shared details stating that "Union Cabinet approves setting up of seven PM Mega Integrated Textile Region and Apparel (PM MITRA) parks with a total outlay of Rs 4,445 crores over five years. Move inspired by 5F vision of PM Modi - Farm to Fibre to Factory to Fashion to Foreign. The Cabinet also approved Productivity Linked Bonus corresponding to 78 days' wage to entitled non-gazetted Railway employees (excluding RPF/RPSF personnel) for the financial year (FY) 2020-21.
The Centre is in discussions with the states for the scheme and 10 states have already shown interest, Piyush Goyal said while apprising the media on the Cabinet decisions. The Centre will provide support of Rs 500 crore each to greenfield parks and Rs 200 crore for brownfield parks under the scheme. The scheme is likely to create direct employment for 7 lakh people and indirect employment for 14 lakh people, Goyal said.