Mega Investment Textiles Parks (MITRA):
The Finance Minister, Nirmala Sitharaman, announced during the Union Budget 2021 presentation that the Government has proposed a “Mega Investment Textiles Parks (MITRA) scheme”.
Highlights
- The scheme will enable the textile industry to become globally competitive.
- It will help the industries to attract large investments and boost employment generation besides boosting the exports.
- The scheme will help in creating a world-class infrastructure with plug and play facilities. This in turn will create global champions in exports.
- MITRA scheme will be launched in addition to the Production Linked Incentive Scheme (PLI).
