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PM Mega Investment Textiles Parks (PM MITRA) Scheme

Context:

A proposal to set up a mega textile park in Punjab’s industrial hub, Ludhiana, has been red-flagged by locals, environmentalists and even some political leaders.

Relevance:

GS-III: Industry and Infrastructure (Textile Industry, Government Policies and Initiatives, Industrial Policy)

Dimensions of the Article:

  1. About PM Mega Investment Textiles Parks (PM MITRA) scheme
  2. Aims and Significance of MITRA
  3. Significance of Textile Sector in India

About PM Mega Investment Textiles Parks (PM MITRA) scheme

  • The PM Mega Investment Textiles Parks (PM MITRA) scheme was launched in 2020 with a plan to establish Seven textile parks which will have a world-class infrastructure over three years.
  • These parks will also have plug-and-play facilities (business facilities will be available ready-made) to help create global champions in exports in the textile sector.

Aims and Significance of MITRA

  • The Mega Investment Textiles Parks (MITRA) Scheme aims to enable the textile industry to become globally competitive and boost exports.
  • The scheme also aims to boost employment generation within the textile sector and also attract large investment.
  • The scheme was launched in addition to the Production Linked Incentive (PLI) Scheme.
  • The scheme will create a level-playing field for domestic manufacturers in the international textiles market.
  • It will also pave the way for India to become a global champion of textiles exports across all segments.
  • MITRA will lead to increased investments and enhanced employment opportunities with the support from the Production Linked Incentive (PLI) scheme.

Significance of Textile Sector in India

  • The Textile Sector accounts for 7% of India’s manufacturing output, 2% of GDP, 12% of exports and employs directly and indirectly about 10 crore people.
  • Owing to the abundant supply of raw material and labour, India is the largest producer of cotton (accounting for 25% of the global output) and second-largest producer of textiles and garments and man-made fibres (polyester and viscose).
  • The availability of a strong domestic market in India is a major reason that increases the importance of the sector.

-Source: Indian Express


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December 2022
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