Union Ministers Piyush Goyal and Anurag Thakur announced that a proposal for setting up of Rs 4,445 crore mega investment textile parks has been approved during a cabinet briefing on Wednesday.
"Union Cabinet approves setting up of 7 PM Mega Integrated Textile Region & Apparel (PM MITRA) parks with a total outlay of Rs 4,445 crores over 5 years. Move inspired by 5F vision of PM Modi - Farm to Fibre to Factory to Fashion to Foreign," said Goyal.
The move will help generate employment and attract investments for the sector, the ministers added.
First announced in Budget 2021-22, each park will generate around 1 lakh direct and 2 lakh indirect employment.
The seven MITRA parks will be set up at greenfield and brownfield sites located in different willing states. Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh and Telangana have expressed interest.
The sites for the parks will be selected by a Challenge Method based on objective criteria.