PM Mitra parks to boost India's $100 bn textile export goal, says industry

The parks, which are coming up in seven states, are expected to fuel investment once the global slowdown is over

The Indian textile industry believes the opening of seven PM Mega Integrated Textile Regions and Apparel (PM Mitra) Parks across the country will help develop the country as a global hub for textile manufacturing and exports. The textile sector is expected to attract major global investment, helping to boost its exports to $100 billion by 2030.

On Friday, the government had announced the setting up of PM MITRA Parks in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra. The move has been inspired by the 5F vision of the Centre focussing on farm to fibre to factory