In a big boost for the nation's textile sector, the Government is readying the plan to develop seven mega textile parks as a part of the proposed National Textiles Policy (NTP), reports Economic Times.
The Smriti Irani headed Ministry of Textiles has already prepared a Cabinet note on the proposed NTP which is aimed at positioning India as a fully integrated and globally competitive manufacturing and exporting hub.
The mega textile parks will be called "Mega Integrated Textile Region and Apparel" or 'MITRA' parks and will form a key element of the NTP. The parks would come up on an area of 1,000 acres of land each and boast of uninterrupted water and electricity supply. They will also have research and development laboratories. Similar parks already exist in nations like Vietnam, China and Ethiopia.
The development comes as the government is planning to double the domestic textile industry's size to $300 billion by 2025-26 and the NTP is being prepared to achieve that goal. The policy covers the entire spectrum of textiles, silk, handloom and exports with a focus on employment generation and environment.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.