Tirupur: The Tiruppur Exporter’s Association (TEA) and Apparel Export Promotion Council (AEPC) have welcomed the Centre’s announcement on setting up seven mega integrated textile region and apparel (Mitra) parks.
TEA president Raja M Shanmugam said that the announcement would enhance the competitiveness of the textiles industry by facilitating it to scale up and create job opportunities for millions of people. “The Tirupur knitwear exports cluster already possesses the textile eco system - farm, fibre, factory, fashion and foreign - to fulfil the vision of Prime Minister Narendra Modi,” he said.
Shanmugam welcomed the maximum development capital support (DCS) of Rs 500 crore to greenfield Mitra and up to Rs 200 crore to brownfield Mitra for the development of common infrastructure.
AEPC chairman A Sakthivel said the integrated textile region and apparel parks will help India regain its global leadership position in the textile industry. “We are extremely thankful to the Prime Minister for taking a series of steps to promote the Indian textiles sector – PM MITRA Parks being the seventh in this series. It will attract massive foreign and domestic investment in the sector, making it globally competitive while helping create lakhs of jobs,” he said. He also thanked finance minister Nirmala Sitharaman and textiles minister Piyush Goyal.
The seven mega textile parks, which will be set up in the next three years, will create world-class infrastructure with plug and play facilities to enable and create global champions in exports, Sakthivel added.
Source:thetimesofindia.com