Government Push for textile sector: All you need to know

In a big boost for the textile sector, cabinet has approved PM MITRA parks scheme to set up seven integrated textile parks in the country. The scheme will have a total outlay of Rs 4,445 crore over a period of five years. The parks will be set up at greenfield and brownfield sites in willing states. The government aims to generate around 1 lakh direct and 2 lakh indirect employment per park. The move will help boost local investment in the sector and create an integrated textiles value chain. Take a look at what the scheme has to offer. Can it attract cutting age technology and boost FDI?
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