Confederation of Indian Textile Industry’s (CITI) Chairman, Rajkumar hails the Government’s decision of launching the PM MITRA parks in the states of Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh, and Uttar Pradesh. He expressed that all 7 sites have excellent connectivity, infrastructure, utility services, etc. and favourable textile/industrial policies further add up to their selection.
He said, “PM MITRA Parks is a great initiative towards increasing the cost competitiveness of the Indian Textile sector and is expected to generate about 20 lakh jobs with about 70,000 crores of investment over the next 3 years and would be a great example of “Make in India” and “Make for World”.PM MITRA would attract cutting-edge technology and will boost not only FDI but also local investment in the textile sector.
He continued, “These parks will offer an excellent opportunity to create an integrated textile value chain right from spinning, weaving, processing/dyeing, and printing to garment manufacturing at a single location thereby reducing logistics costs and will provide a big boost to the 5F vision of the Hon’ble Prime Minister of India – Farm to Fibre to Factory to Fashion to Foreign.”
He expressed hopes that the Government will continue its support to make the Indian Textile Industry more competitive and soon Indian Textile & Apparel Industry will reach a mark of US$ 350 bn. industry including US$ 100 bn. exports.