Consider the following statements with reference to the PM - Mega Integrated Textile Region and Apparel (PM-MITRA) Parks :1. It will create an integrated textiles value chain from spinning, weaving, processing/dyeing and printing to garment manufacturing.2. The state governments will provide free lands of at least 1000 acres for textile parks in the concerned states.3. There is no provision for FDI investments in this industrial infrastructure.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?

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Consider the following statements with reference to the PM - Mega Integrated Textile Region and Apparel (PM-MITRA) Parks :

1. It will create an integrated textiles value chain from spinning, weaving, processing/dyeing and printing to garment manufacturing.

2. The state governments will provide free lands of at least 1000 acres for textile parks in the concerned states.

3. There is no provision for FDI investments in this industrial infrastructure.

Which of the statements given above is/are correct ?

a)
2 only
b)
1 and 2 only
c)
1 and 3 only
d)
1, 2 and 3

Correct answer is option 'B'. Can you explain this answer?

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Consider the following statements with reference to the PM - Mega Inte...

Ministry of Textiles (MoT) has launched PM Mega Integrated Textile Regions and Apparel Parks (MITRAs) Scheme to strengthen the Indian textile industry by way of enabling the scale of operations, reduce logistics costs by housing the entire value chain at one location, attract investment, generate employment and augment export potential. The PM MITRA scheme is Inspired by the 5F vision of the Hon'ble Prime Minister - Farm to Fibre to Factory to Fashion to Foreign. It aspires to fulfil the vision of building an Aatmanirbhar Bharat and to position India strongly on the Global textiles map.

PM MITRA Parks will offer an opportunity to create an integrated textiles value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at one location. So, Statement 1 is correct. PM MITRA Parks will be set up on the basis of proposals received from State Governments having ready availability of contiguous and encumbrance-free land parcels of a minimum of 1000 acres. The State Government will transfer land to the Special Purpose Vehicle (SPV) at a notional price. The land asset will be used to leverage/attract investment in the PM MITRA parks for the development and maintenance of the parks with high-standard specifications.
State governments will provide contiguous and encumbrance-free land parcels of at least 1000 acres of land and will also facilitate the provision of all utilities, Reliable Power Supply and Water availability and Waste Water Disposal system, an effective single window clearance as well as a conducive and stable industrial/textile policy. So, Statement 2 is correct. PM MITRA Parks will help in creating world-class industrial infrastructure that would attract large-scale investment, including foreign direct investment (FDI) and encourage innovation and job creation within the sector. The creation of parks will lead to the creation of 20 lakh (2 million) job opportunities both directly and indirectly. Additionally, it is expected that these parks will attract a total investment of Rs 70,000 crore (approximately USD 9.5 billion) from both domestic and foreign sources. This investment will be used to build modern infrastructure for the parks. So, Statement 3 is not correct.

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Consider the following statements with reference to the PM - Mega Integrated Textile Region and Apparel (PM-MITRA) Parks :1. It will create an integrated textiles value chain from spinning, weaving, processing/dyeing and printing to garment manufacturing.2. The state governments will provide free lands of at least 1000 acres for textile parks in the concerned states.3. There is no provision for FDI investments in this industrial infrastructure.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?

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Consider the following statements with reference to the PM - Mega Integrated Textile Region and Apparel (PM-MITRA) Parks :1. It will create an integrated textiles value chain from spinning, weaving, processing/dyeing and printing to garment manufacturing.2. The state governments will provide free lands of at least 1000 acres for textile parks in the concerned states.3. There is no provision for FDI investments in this industrial infrastructure.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to the PM - Mega Integrated Textile Region and Apparel (PM-MITRA) Parks :1. It will create an integrated textiles value chain from spinning, weaving, processing/dyeing and printing to garment manufacturing.2. The state governments will provide free lands of at least 1000 acres for textile parks in the concerned states.3. There is no provision for FDI investments in this industrial infrastructure.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the PM - Mega Integrated Textile Region and Apparel (PM-MITRA) Parks :1. It will create an integrated textiles value chain from spinning, weaving, processing/dyeing and printing to garment manufacturing.2. The state governments will provide free lands of at least 1000 acres for textile parks in the concerned states.3. There is no provision for FDI investments in this industrial infrastructure.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.

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