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The Modi government is making a big push to turn India into a global export hub, and the Cabinet has approved a massive textile park scheme

The Edge Media by The Edge Media
4 years ago
in Main Story, Political Edge
Reading Time: 1 min read
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The Modi government is making a big push to turn India into a global export hub, and the Cabinet has approved a massive textile park scheme
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The Union Cabinet approved the establishment of seven new mega textile parks on Wednesday, intending to put India on the global textile map. This measure will aid in attracting foreign direct investment (FDI) into the textile industry, resulting in the creation of thousands of jobs.

 

Over the next five years, the Union Cabinet has approved a total outlay of Rs 4,445 crore to establish seven massive integrated textile regions and apparel parks (PM-MITRA). The integrated parks will be located at greenfield or brownfield sites in different states that are eager to join, according to the Union Cabinet, which shared a glimpse of the Modi government’s mammoth plant to enhance export and employment.

Tags: #approvedforeign direct investmentglobal export hubGovernmentindiatextile park schemeUnion Cabinet
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