Contact us on +022 2419 3000 or indiantextilejournal.com.

MITRA scheme gives hope to Kakatiya Mega Textile Park

Aug 24, 2021
MITRA scheme gives hope to Kakatiya Mega Textile Park

Warangal

Mega Integrated Textile Region and Apparel (MITRA) scheme was started with the aim to become globally competitive, boost employment generation, and attract investments. The centre is going to establish 7 textile parks in the next three years under this MITRA scheme which is considered a game-changer for the country’s textile industry. As per the sources of the industry, with the help of this scheme, the domestic players can compete in the international markets.

Here, KMTP is worthy to be a part of the seven textile parks but it is still to equip with modern state-of-the-art infrastructure, plug-and-play facilities, and R&D Lab. Now, the job is of the government to grab the attention of the centre to bring KMTP under the MITRA scheme. It can be said here that the state government has been trying to allocate funds for the KMTP for the past many years but they all are in vain. Considering this, the MITRA scheme is acting as a shot in the arm for the state government. Also, Youngone Corporation, a Korean Textile company, has postponed its plan to invest Rs 10 billion for setting up manufacturing units of boots, jackets, track-suits, and apparel in the KMTP. Kitex Group has also announced to invest Rs 10 billion in the KMTP.

Source – The Hans India

Image Source

Also Read:

https://indiantextilejournal.com/latest-textile-industry-news/kitex-sends-legal-notices

https://indiantextilejournal.com/latest-textile-industry-news/tamil-nadu-should-have-separate-textile-export-policy