According to Union Minister of Textiles Piyush Goyal, the Ministry of Textiles would soon announce the States chosen for the Prime Minister MITRA (Mega Integrated Textile Region and Apparel) scheme’s implementation.
The Minister said the States are identified through the challenge route and the PM MITRA parks will provide the best eco-system for the textile industry to be collectively present in one location, with plug-and-play infrastructure, and improve the competitiveness of the textile value chain. The Minister opened the three-day Global Textile Conclave, which was organised by Confederation of Indian Textile Industry. Additionally, it will support the prime minister’s five F (farm, fibre, factory, fashion, and foreign) vision.
He just added another programme to the Ministry’s list of initiatives for the textile industry. From the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, an amount of 500 crore was designated for the Scheme for Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups (RoSCTL).
Although the industry experienced a minor setback in the current year, the goal for 2030 is to produce $250 billion in textiles, apparel, and associated products and export $100 billion of those products, he said.