Ram Nath Kovind, President:The MITRA initiative will produce 10's of thousands of new jobs
_large.jpeg)
02 February 2022, Mumbai:
The President of India, Ram Nath Kovind, has stated that the Mega Integrated Textile Regions and Apparel Parks (MITRA) programme will create lakhs of new jobs.
In his address to the joint sitting of the two Houses of Parliament, the President stated that the MITRA Parks and other Central Government initiatives will help to develop the integrated textile value chain.
"Along with creating new sectors, the government is restoring our historic strength in domains where we have centuries of expertise," the President stated in his speech. The government has sanctioned seven Mega Integrated Textile Regions and Apparel Parks with a total investment of Rs. 4,500 crore in this direction.
This will make the textile value chain more interconnected. These gigantic textile parks would attract both Indian and foreign companies, as well as thousands of new jobs."
The President added that the 14 main Production Linked Incentive (PLI) initiatives will not only help India turn into a global manufacturing center, but will also create over 60 lakh employment.
Speaking about India's export development, the President stated that from April to December 2021, our entire products exports were US $300 billion dollars, or more than Rs. 22 lakh crore, which is 1.5 times more than the same period in 2020.
President Obama described infrastructure as the cornerstone for every country's progress and stated that the government saw infrastructure as a bridge to alleviate socioeconomic inequalities.
He went on to say that infrastructure investment not only creates thousands of new jobs, but also has a qualitative impact, making it easier to do business, allowing for speedier transportation, and stimulating economic activity across sectors.
Follow us on Linkedin & Youtube.
Subscribe to our newsletter.
Powered by:
