The Narendra Modi government at the centre has approved the establishment of 7 Mega Integrated Textile Region and Apparel Parks (PM MITRA) in the country with the objecting of putting the country on the global textiles map. The PM MITRA initiative was announced in the union budget for 2021-22.
According to a statement issued by the govt of India, the PM MITRA scheme is inspired by the 5F vision of PM Narendra Modi. The 5F formula includes Farm to Fibre to Factory to Fashion to Foreign. This integrated vision will help to further the growth of the textile sector in the economy. No other competing nation has a complete textile ecosystem like India, which is strong in all five Fs.
The scheme will offer an opportunity to create an integrated textiles value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at one location. Such an integrated textile value chain at a single location will reduce the logistics cost of the industry.
Each PM MITRA site will generate 1 lakh direct and 2 lakh indirect employment. This means the entire scheme will generate 7 lakh direct employment and 14 lakh indirect employment.
Read More at https://www.opindia.com/2021/10/centre-approves-7-mega-integrated-textile-region-and-apparel-parks-pm-mitra/