The Union Government has placed 18 applications from 13 states in the advanced consideration stage for the PM Mega Integrated Textile Region and Apparel (MITRA) Parks Scheme.
The scheme aims to build resilient infrastructure, promote sustainable industrialisation and foster innovation in the textiles sector.
These PM MITRA Parks will enable the industry to create an integrated textiles value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at a single location.
These parks are also aimed at having world-class industrial infrastructure which would boost FDI and local investments in the sector by attracting cutting-edge technology.
The Government also expects the textile sector which is worth US $ 150 billion to grow to $ US 250 billion by 2030, according to Rachna Shah, Secretary with the Ministry of Textiles. Exports worth US $ 10 billion are also being targeted for technical textiles in the next 5-6 years, increasing from the current cumulative textile exports of US $ 2.5 billion.
While 10 to 12 areas in technical textiles are being targeted for exports by the Government it expects an initial growth for the agrotech, packtech and geo textiles.
With the approaching International Women’s Day, the Secretary emphasised the role of women in the sector. She also pointed out that 75 per cent of handloom and textile artisans are women and that out of the 1.5 lakh textile sector workers trained under the ‘SAMARTH’ scheme, 85 per cent are women.
This scheme is the Government’s flagship scheme for the textile industry. It aims to create an ecosystem so that rising demand can be catered to by an adequate and skilled workforce.