Mega Investment Textiles Parks (MITRA) scheme

The Government has proposed a scheme of Mega Investment Textiles Parks (MITRA).

Context

• The Government has proposed a scheme of Mega Investment Textiles Parks (MITRA).

What are the objectives?

• To enable the textile industry to become globally competitive
• Attract large investments
• Boost employment generation and exports

Significance

• This will create world class infrastructure with plug and play facilities to enable create global champions in exports.
• MITRA will be launched in addition to the Production Linked Incentive Scheme(PLI).
  
• MITRA) will be significant for the Indian Textiles Industry.
• Along with the Production Linked Incentive (PLI) scheme, MITRA will lead to increased investments and enhanced employment opportunities.
• Emphasis on state-of-the-art infrastructure through MITRA will give our domestic manufacturers a level-playing field in the international textiles market.
• It will pave the way for India to become a global champion of textiles exports across all segments.