TIWN
New Delhi, Feb 4 (TIWN) The Budget for 2021-22 extensively and comprehensively envisages several initiatives and areas of focus, aimed at enhancing India's overall competitiveness and manufacturing capacities, which would enable growth, diversification and technological enhancement of India's exports, Commerce Secretary Anup Wadhawan said on Wednesday.
Briefing the media on the Budget 2021-22 initiatives, he said that one primary area of focus is the creation of a robust infrastructure, logistics and utilities environment for the manufacturing sector. Some of these measures include a scheme for Mega Investment Textiles Parks (MITRA), which will create world-class infrastructure with plug and play facilities to enable the creation of global champions in the sector, benefitting from economies of scale and agglomeration. Seven Textile Parks will be established over 3 years. Wadhawan further said that steps like substantial investments in the development of modern fishing harbours and fish landing centres will be made in five major fishing harbours at Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat, along with a multipurpose Seaweed Park in Tamil Nadu, are proposed. These measures are expected to boost exports from the textiles and marine sector.
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