Why in News?

• Industrial Policy and Investment Promotion Minister of Madhya Pradesh Rajvardhan Singh said that the Central Government has approved PM Mitra Mega Textile Park in 7 states of the country, out of which one has been decided to establish in the Dhar district of Madhya Pradesh.

Key Points:

=> To promote Make in India, the Central Government has approved PM Mitra Mega Textile Parks in 7 states of the country.

=> CM Mitra Mega Textile Parks are going to be set up in Tamil Nadu, Sikkim, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh.

=> Prime Minister Narendra Modi has tweeted about this and said that PM Mitra Mega Textile Park will give a boost to the 5F (Farm to Fiber to Factory to Fashion to Foreign) vision.

=> PM Modi said that PM Mitra Mega Textile Park will attract huge investment and generate jobs.

=> Industrial Policy and Investment Promotion Minister Rajvardhan Singh has said that with the 5F vision, we can expand our textile industry to foreign countries.

=> earlier, in the entire process, the expenditure was increasing and time was also being wasted, but now this problem will be solved if there is a textile park in one place.

=> Under the PM Mitra Mega Textile Park, the entire work (i.e. from cloth making to its export) will be done at one place.

=> There will be an investment of about Rs 4425 crore in this.

=> This decision will promote investment in the textile sector and create many employment opportunities.

=> This will create 14 lakh employment opportunities.