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NEW DELHI – The Indian Government has announced proposals for seven huge textile parks over the next three years as part of plans to boost industry revenues to US$300bn by 2025-26. The ‘Mega Investment Textiles Parks (MITRA)’ scheme aims to position India as a fully integrated, globally competitive, manufacturing and exporting hub with world class ‘plug and play’ facilities.

The scheme has been announced by Finance Minister Nirmala Sitharaman as part of the 2021 Budget. India is hoping that by providing a one-stop shop for customers, including brands and retailers, it will able to attract foreign investment and boost employment generation.

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