The Union Cabinet, chaired by the Prime Minister, has approved the setting up of 7 mega textile parks with an investment of Rs 4,445 crore to promote the job-creating textile industry. This information Union Minister Piyush Goyal Said.
Under the ‘BM Mitra’ scheme to promote the textile industry in India7 Mega Textile and Readymade Garment Park Central in the last budget as set Finance Minister Nirmala Sitharaman Announced. The main objective of the project is to promote the Indian textile industry in an internationally competitive manner.
Nirmala Sitharaman said the objectives of the project would be to attract more investment, create more jobs, increase exports, earn foreign exchange, build international standard infrastructure and thereby create Indian products to compete in foreign markets.
In this context, the Union Cabinet meeting chaired by Prime Minister Narendra Modi was held in Delhi yesterday. Of these, the ‘BM Mitra’ project has been approved.
Union Minister Piyush Goyal told reporters after the meeting:
The Union Cabinet has approved the setting up of mega textile and readymade garment parks at 7 locations across the country under the ‘BM Mitra’ scheme. For this, Rs 4,445 crore will be spent in the next 5 years. Private investment will also be allowed. This will increase textile production and lead to export growth. In addition, millions of jobs will be created.
These large-scale textile parks are expected to attract a large number of foreign investment.
The government has set a target of raising $ 4,400 crore through textile exports in the 2021-22 financial year. The target is to reach $ 10 trillion in textile exports in the next five years. Thus said Piyush Goyal.
78 day pay bonus for railway employee
New Delhi: Provide 78 days’ pay bonus to railway employees Approved by the Union Cabinet Has provided.
Bonuses are given to railway employees during the annual Deepavali festival. This year, railway employees are being given a 78-day pay bonus.
A panel set up in this connection had recommended to the Central Government that 72 days’ pay be given as a bonus. In this context, it was discussed at the Union Cabinet meeting yesterday. The Prime Minister and the Cabinet approved a 78-day pay bonus for railway employees.
Union Minister Anurag Thakur told reporters. It is estimated that giving bonuses to railway employees will cost the government Rs 1,985 crore, he said.