He said that all seven states have excellent connectivity, infrastructure, utility services, and favorable textile/industrial policies.
Coimbatore: Confederation of Indian Textile Industry’s (CITI) Chairman, T. Rajkumar hailed the Government's decision for launching the PM MITRA parks in states including Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh, and Uttar Pradesh.
He said that all the seven states have excellent connectivity, infrastructure, utility services, and favorable textile/industrial policies
While thanking the Prime Minister, Rajkumar said that PM MITRA Parks is a great initiative towards increasing the cost competitiveness of the Indian Textile sector, and it is expected to generate about 20 lakh jobs with about 70,000 crores of investment over the next three years, and would be a great example of “Make in India” and “Make for World”.
Rajkumar added that “after Covid-19, due to certain geo-political factors textile supply chain across the globe is realigning itself with companies looking to establish their manufacturing base out of China. Owing to a strong Government at the Center and the growth story of the Indian Economy, it is one of the most sought-after destinations for these investments.”
“PM MITRA with world-class industrial infrastructure as well as training and research facilities would attract cutting-edge technology and will boost not only FDI but also local investment in the textile sector,” he said in a statement.
“These parks will offer an excellent opportunity to create an integrated textile value chain right from spinning, weaving, processing/dyeing, and printing to garment manufacturing at a single location thereby reducing logistics costs and will provide a big boost to the 5F vision of the Prime Minister of India - Farm to Fibre to Factory to Fashion to Foreign” he noted.
Rajkumar said that “Union Minister of Textiles, Piyush Goyal is providing all possible support to the Textile Industry. As a result of his constant and innovative policy decisions, the Indian Textile Sector is all set to increase investment, promote innovation, create job opportunities and ultimately make India a global hub for textile manufacturing and exports”
Rajkumar expressed hope that the Indian Textile and Apparel Industry will reach a mark of US$ 350 billion industry including US$ 100 billion exports soon.
He said that all the seven states have excellent connectivity, infrastructure, utility services, and favorable textile/industrial policies
While thanking the Prime Minister, Rajkumar said that PM MITRA Parks is a great initiative towards increasing the cost competitiveness of the Indian Textile sector, and it is expected to generate about 20 lakh jobs with about 70,000 crores of investment over the next three years, and would be a great example of “Make in India” and “Make for World”.
Rajkumar added that “after Covid-19, due to certain geo-political factors textile supply chain across the globe is realigning itself with companies looking to establish their manufacturing base out of China. Owing to a strong Government at the Center and the growth story of the Indian Economy, it is one of the most sought-after destinations for these investments.”
“PM MITRA with world-class industrial infrastructure as well as training and research facilities would attract cutting-edge technology and will boost not only FDI but also local investment in the textile sector,” he said in a statement.
“These parks will offer an excellent opportunity to create an integrated textile value chain right from spinning, weaving, processing/dyeing, and printing to garment manufacturing at a single location thereby reducing logistics costs and will provide a big boost to the 5F vision of the Prime Minister of India - Farm to Fibre to Factory to Fashion to Foreign” he noted.
Rajkumar said that “Union Minister of Textiles, Piyush Goyal is providing all possible support to the Textile Industry. As a result of his constant and innovative policy decisions, the Indian Textile Sector is all set to increase investment, promote innovation, create job opportunities and ultimately make India a global hub for textile manufacturing and exports”
Rajkumar expressed hope that the Indian Textile and Apparel Industry will reach a mark of US$ 350 billion industry including US$ 100 billion exports soon.