India

Cabinet approves setting up of 7 mega textile parks, allocates ₹4,445 cr for 5 years

The Cabinet on Wednesday approved the setting up of seven Mega Integrated Textile Region and Apparel (PM MITRA) Parks with an outlay of ₹4,445 crore for next five years. The parks, which will have world-class industrial infrastructure, “will boost FDI and local investment in the sector”, the government said. They will generate 21 lakh direct and indirect jobs, it added.

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