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Back to Growth: Union Budget 2021-22 announcement for Mega Textile Parks

Union Budget

Enhancing India’s textiles competitiveness globally, alongside PLI, the scheme for Mega Integrated Textile Regions and Apparel Parks (MITRAs) has been announced in the Budget 2021-22, creating world class infrastructure with plug n play facilities. The Finance Minister announced the establishment of 7 parks over 3 years.

Ministry of Textiles, for the last one year, has been working to create an ecosystem model that would allow creation of new mega textile parks. Spread across 1000+ acres, the upcoming mega textile parks will be situated near sea ports, airports, railways and Dedicated Freight Corridors (DFC). 

With the aim to provide plug and play facilities to industry players, the mega textile parks will have technological and scientific infrastructure in terms of electricity, safety testing centre, 3D printing centre, packaging centre, warehouse, facility infrastructure in terms of sewage, water treatment plant (ETP, CETP), power station, dump yard, rainwater harvesting, recycling, solar infrastructure, training centre, testing centre and labs. In addition, social infrastructure such as food courts, convention centres, restaurants, banks, petrol pumps, first aid and fire station to be included.

A challenge method will be used for selection of states on basis of land availability having labour laws and competitive rates of power and water. 

#AatmanirbharBharatKaBudget #BacktoGrowth #UnionBudget2021

Union Budget