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  4. Cabinet approves setting up of 7 PM MITRA parks with outlay of Rs 4,445 crore over 5 years

Cabinet approves setting up of 7 PM MITRA parks with outlay of Rs 4,445 crore over 5 years

PM MITRA will offer an opportunity to create an integrated textiles value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at 1 location.

India TV News Desk Edited by: India TV News Desk
New Delhi Updated on: October 06, 2021 18:31 IST
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Image Source : PTI.

Union Minister of Commerce and Industry, Piyush Goyal speaks during a press conference on Cabinet decisions in New Delhi.

On Wednesday, the Union Cabinet Ministry approved setting up of seven PM Mega Integrated Textile Region and Apparel (PM MITRA) parks with a total outlay of Rs 4,445 crores over five years.

Addressing a Cabinet briefing in the national capital, Union Minister of Commerce and Industry, Piyush Goyal said, "Union Cabinet approves setting up of seven PM Mega Integrated Textile Region and Apparel (PM MITRA) parks with a total outlay of Rs 4,445 crores over five years.”

The move is inspired by 5F vision of PM Modi- Farm to Fibre to Factory to Fashion to Foreign. 

PM MITRA will offer an opportunity to create an integrated textiles value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at one location. Integrated Textile Value chain at one location will reduce the logistics cost of industry.

Several states such as- Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh and Telangana have expressed their interest in this regard. 

Sites for PM MITRA will be selected by a challenge method based on objective criteria.

The Cabinet Ministry also approved Productivity Linked Bonus equivalent to 78 days' wage to eligible non-gazetted Railway employees (excluding RPF/RPSF personnel) for the financial year (FY) 2020-21.

Union Minister Anurag Thakur said, "Union Cabinet approves Productivity Linked Bonus equivalent to 78 days' wage to eligible non-gazetted Railway employees (excluding RPF/RPSF personnel) for FY20-21. About 11.56 lakh non-gazetted Railway employees are likely to benefit from the decision."

Also Read: Cabinet approves bonus equal to 78 days' wage for over 11 lakh railway employees

Also Read: Cabinet approves doubling of Nimach-Ratlam railway line at cost of Rs 1,095 crore

 

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