Union Government Initiates PM MITRA Parks for Textile Sector Expansion
Under the production-linked incentive (PLI) scheme, 64 companies, with 30 set to commence production this year, are participating, anticipating fresh investments exceeding Rs 19,000 crore over five years. This initiative is expected to generate 7.5 lakh jobs, along with additional employment opportunities in supporting activities.
Bharat Tex 2024, a global textile expo scheduled for February 26-29, 2024, in New Delhi, aims to showcase India as a global sourcing and investment destination. The event will bring together stakeholders from the textile value chain, including government and industry representatives.