Business
PLI Scheme, PM Mitra Parks To Help Indian Textile Sector In Emerging As A Strong Competitor In Global Market: MoS Textiles
A textile factory.
Union Minister of State for Textiles Darshana Jardosh on Thursday (30 June) said that the PLI Scheme and PM Mitra Parks will help Indian textile sector in emerging as a strong competitor in the global market.
Speaking after virtually inaugurating Avgol Nonwoven's New Manufacturing facility at Halol in Gujarat, Jardosh said that the government’s focus is on Five Fs- Fibre to Farm to Fabric to Fashion to Foreign.
She said that the contribution of India towards man-made fibre in the global market is 25 per cent, and in order to increase this share, PLI Scheme and PM Mitra Parks will support to achieve the desired scale and size while also emerging as a strong competitor in the global market, according to a Textiles Ministry release.
The minister said that Prime Minister Narendra Mod's vision for both PLI scheme and PM Mitra parks will help develop an ecosystem wherein Ease of Doing Business and through Plug in Play, the industry will achieve new heights.
She said that the PM GatiShakti-National Master Plan for Multi-modal connectivity will herald a new chapter of governance.
Jardosh added that Gati Shakti - a digital platform - will bring 16 ministries including Railways and Roadways together for integrated planning and coordinated implementation of infrastructure connectivity projects.
While the PM Mitra Park scheme aims to position India strongly on the Global textiles map, the Centre's Production-Linked Incentive (PLI) Scheme for Textiles products, namely MMF Apparel, MMF Fabrics and Products of Technical Textiles, is expected to enhance India’s manufacturing capabilities and enhancing exports with an approved financial outlay of Rs 10,683 crore over a five-year period.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
