The Indian government will shortly approve textile parks under the PM Mega Integrated Textile Region and Apparel (MITRA) parks scheme, said DarshanaJardosh, Minister of State for Textiles during the inauguration session of GartexTexprocess trade fair in MumbaI.
Jardosh said that seven states have shown interest to set up 13 parks under the scheme in the country. Deliberation is going on with the states which will have 51 per cent stake in the proposed textile parks. The parks will be approved with the consideration of industry’s requirement for future growth. It will ensure better ecosystem for the industry at various hubs in the country.
The Production Linked incentive (PLI) scheme succeeded in attracting an investment of around Rs10,600 in textile sector. However, many products were left out under the scheme, added Jardosh. She urged the Indian textile industry to diversify its raw material consumption as it is more dependent on cotton, while around 75 per cent MM fibre is used globally.