Big news for textile sector! The government will likley announce where a new mega textile park will be built. The announcement is likley to come in a month's time. 

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- Till now 18 proposals have been received from 13 states

- A Preliminary scrutiny done on all proposals receieved by the government.

- The Central team has completes inspections at all the sites.

- Consultaions with the industry has already been done.

- A meeting was held on 24 May between  Department for Promotion of Industry and Internal Trade (DPIIT), NITI Aayog and Ministry of Textiles

- The government has sought details with respect to certain projects.

- The announcement is likley to come withing a fortnight. 

- The government intends to create 7 mega textile parks under PM MITRA scheme.

- The government has made provisions of Rs 4445 cr for this.

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Also Read: PLI scheme: Government eyes 2nd edition for textile industry in garments & apparel segment; KPR Mills, Vardhman Textiles, others gain 

The Ministry of Textiles held a meeting with the industry stakeholders on May 17, 2022 and aims to complete the approval and cabinet process soon by August-September and mostly by October the scheme will be implemented.