Current Affairs
Daily Bits

Mega Investment Textiles Parks (MITRA) scheme

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    2nd Feb, 2021

Context

  • The Government has proposed a scheme of Mega Investment Textiles Parks (MITRA).

What are the objectives?

  • To enable the textile industry to become globally competitive
  • Attract large investments
  • Boost employment generation and exports

Significance

  • This will create world class infrastructure with plug and play facilities to enable create global champions in exports.
  • MITRA will be launched in addition to the Production Linked Incentive Scheme(PLI).
  • MITRA) will be significant for the Indian Textiles Industry.
  • Along with the Production Linked Incentive (PLI) scheme, MITRA will lead to increased investments and enhanced employment opportunities.
  • Emphasis on state-of-the-art infrastructure through MITRA will give our domestic manufacturers a level-playing field in the international textiles market.
  • It will pave the way for India to become a global champion of textiles exports across all segments.