Question
Download Solution PDFThe MITRA scheme was first announced in the Union Budget for 2021-22 to set up world-class infrastructure in which sector?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Textile industry.Key Points
- The "MITRA" scheme was first announced in the Union Budget for 2021-22 by Finance Minister Nirmala Sitharaman focusing on the Textile sector.
- MITRA stands for "Mega Investment Textiles Parks".
- The scheme aims to establish world-class infrastructure in the textile industry to create employment opportunities and increase export potential.
- The goal is to set up seven textile parks over three years, leading to a globally competitive industry equipped with cutting-edge technology and infrastructure.
- These textiles parks will have integrated facilities and will be set up on a partnership basis between the central government, state governments, and the industry.
- They will also include facilities for design development, testing, research & development, and warehousing.
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