Union Minister of Commerce and Industry, Piyush Goyal speaks during a press conference on Cabinet decisions, in New Delhi.
On Wednesday, the Union Cabinet Ministry approved setting up of seven PM Mega Integrated Textile Region and Apparel (PM Mitra) Parks with a total outlay of Rs 4,445 crore over five years.
Addressing a cabinet briefing in the national capital, Union Minister of Commerce and Industry, Piyush Goyal said, “The Union Cabinet has approved setting up of seven PM Mega Integrated Textile Region and Apparel (PM Mitra) Parks, out of which five There is a total outlay of Rs 4,445 crore over the years.”
The move is inspired by PM Modi’s 5F vision – from Farm to Fiber to Factory to Fashion to Foreign.
PM MITRA will provide an opportunity to create an integrated textile value chain from spinning, weaving, processing/dyeing and printing to garment manufacturing at one place. The integrated textile value chain at one place will reduce the logistics cost of the industry.
Several states such as Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh and Telangana have expressed their interest in this regard.
The sites for PM MITRA will be selected by a challenge method based on objective criteria.
The cabinet ministry also approved productivity linked bonus equal to 78 days’ salary to eligible non-gazetted railway employees (except RPF/RPSF personnel) for the financial year (FY) 2020-21.
Union Minister Anurag Thakur said, “The Union Cabinet has approved Productivity Linked Bonus equivalent to 78 days’ salary to eligible non-gazetted railway employees (except RPF/RPSF personnel) for the financial year 2020-21. Around 11.56 lakh non-gazetted railway employees Railway employees are likely to benefit from the decision.”
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