Mega Investment Textiles Parks (MITRA) : Highlights

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).

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