New Delhi: The Ministry of Textiles has issued a notification for establishing of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks as announced in Union Budget for 2021-22 and approved by the Central Government and the scheme aims to realise the vision of PM Modi of building an Aatmanirbhar Bharat and to position India strongly on the Global textiles map.
PM MITRA Parks is envisaged to assist India in achieving the UN Sustainable Development Goal 9 ("Build resilient infrastructure, promote sustainable industrialization and foster innovation"). The scheme is inspired by the 5F vision of the Prime Minister. The '5F' Formula encompasses - Farm to fibre; fibre to factory; factory to fashion; fashion to foreign. This integrated vision will help further the growth of the textile sector in the economy. No other competing nation has a complete textile ecosystem like us
The scheme will reduce logistics costs and improve the competitiveness of Indian Textiles. The scheme is also to develop integrated large scale and modern industrial infrastructure facilities for the entire value-chain of the textile industry. The scheme will help India in attracting investments, boosting employment generation and positioning itself strongly in the global textile market. These parks are envisaged to be located at sites that have inherent strength for Textile Industry to flourish and have the necessary linkages to succeed.
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