Mega Investment Textiles Parks Scheme

• 03 Feb 2021

• The Centre has proposed a Scheme of Mega Investment Textiles Parks (MITRA) to enable textile industry to become globally competitive, attract large investments, boost employment generation, and exports.
• This will create world-class infrastructure with plug-and-play facilities to create global promoters in exports.
• MITRA will be launched in addition to the Production Linked Incentive (PLI) Scheme.
• Seven textile parks will be established over a period of three years.
• Along with the PLI Scheme, MITRA will lead to increased investments and enhanced employment opportunities.
• During the Union Budget 2021-22, Union Finance and Corporate Affairs Minister Nirmala Sitharaman announced of bringing nylon chain on a par with polyester and other man-made fibres.