Ministry of Textile & Gujarat govt signed MoU

Published on July 15, 2023
Current Context: The Ministry of Textiles and the Government of Gujarat signed a Memorandum of Understanding (MoU) on 23rd December 2022 to set up a PM MITRA (Pradhan Mantri Mega Integrated Textile Region and Apparel) Park in Navasari, Gujarat.
Ministry of Textile & Gujarat govt signed MoU
  • This is one of the seven PM MITRA Parks that the Government of India has announced to boost the textile sector in the country.
  • A PM MITRA Park is a special industrial zone focused on developing the Indian textile sector by creating an integrated textile value chain that spans from farming to fashion.
  • It will offer an opportunity to create an integrated textiles value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at a single location.
  • It will also provide world-class industrial infrastructure, cutting edge technology, FDI and local investment, innovation and job creation within the sector.
  • The PM MITRA Park in Navasari, Gujarat will be developed by a Special Purpose Vehicle (SPV) which will be owned by the State Government and the Government of India in a Public Private Partnership (PPP) Mode.

Question:

Q.1 What is the full form of PM MITRA?
a. Pradhan Mantri Maha Integrated Textile Region and Apparel
b. Pradhan Mantri Mahila Integrated Textile Region and Apparel
c. Pradhan Mantri Modern Integrated Textile Region and Apparel
d. Pradhan Mantri Mega Integrated Textile Region and Apparel
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu