Mega Textile Parks MITRA can claim incentives Rs 300 cr each
Click here to read full article from source
New Delhi, Oct. 22 -- The Ministry of Textile has directed to setup seven Prime Minister's Mega Integrated Textile Region and Apparel (MITRA) parks, and informed about the incentives for manufacturing units to get setup early in PM MITRA. There is INR 300 crore per park provision with incentives up to 3% of the total sales turnover on first come first serve basis.
However, only those companies would be eligible who don't avail the benefits under the Production Linked Incentive Scheme (PLI) scheme for textiles.
The states having ready availability of contiguous and encumbrance- free land parcel of 1000+ acres will be eligible to apply, said the Ministry.
As per the notification, the selection of sites will happen on a challenge method w...
To read the full article or to get the complete feed from this publication, please Contact Us