Budget’s textile boost: 7 mega textiles parks to be setup in 3 years

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Budget’s textile boost: 7 mega textiles parks to be setup in 3 years

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, ET BureauLast Updated: Feb 01, 2021, 12:49 PM IST

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Synopsis

“A scheme of mega investment textile parks will be launched in addition to the PLI scheme,” finance minister Nirmala Sitharaman said in her Budget speech.

Similar parks already exist in China, Vietnam and Ethiopia where the entire textiles value chain is covered.

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