Govt to tie up with foreign technical institutes to train Indian artisans, weavers
₹95,000 crore in investments that will create about 2.25 million new jobs in the next four to six years. The ministry is eyeing ₹25,000 crore in investments through the production-linked incentive scheme (PLI) and another ₹70,000 crore through the PM Mega Integrated Textile Regions and Apparel (PM-MITRA) parks scheme.
The PM MITRA parks scheme envisions plug-and-play infrastructure for textile players, created by the union government and states to increase investment, promote innovation, create job opportunities and make India a global hub for textile manufacturing and exports. India is also pursuing free-trade agreements to step up its exports and boost domestic growth.
The domestic apparel & textile industry contributes about 2.3% of the country’s GDP, 13% of industrial production, and 12% of exports. India exports technical textiles, including medical apparel, worth $2.5 billion and plans to increase this to $10 billion in the next five years.
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