INDIA

Budget 2021-22: Mega Investments Textile Parks Scheme To Be Launched To Create World-Class Infra

Mumbai: Union Finance Minister Nirmala Sitharaman said that in addition to the Production Linked Incentive (PLI) scheme, a scheme will be launched for the Mega Investment Park, a world-class infrastructure with plug and play facilities to enable the global champion in exports.

Sitharaman said in Parliament, “In addition to the PLI scheme, a scheme will be launched for the Mega Investment Textile Park, which will create world-class infrastructure with plug and play facilities.”

She said, “Seven textile parks will be developed in the country. Asset monetization will be emphasized. More economic corridors will be built across the country to further the road infrastructure.”

Also Read: FM Announces Highest-Ever Package Of ₹1.1 Lakh Crore For Railways

In Part A of Budget 2021, the Union Finance Minister Aatmanirbhar for strengthening the nation’s vision, doubling farmers’ income, strengthening infrastructure, women empowerment, healthy India, good governance, education for all, and inclusive growth.

The Union Budget 2021-22 proposes six pillars: Health and Welfare, Physical and Financial Capital and Infrastructure, Inclusive Growth for Aspiring India, Strengthening Human Capital, Innovation and Research, Minimum Government and Maximum Governance. Health and welfare budget will be around 2 lakh crore rupees.

Also Read: India COVID-19: Recovery Rate Stands At 97%, Fatality Rate At 1.44%

“Investment on health infra in Budget 2021 has increased substantially. Three areas – preventive health, curative health and well-being to be strengthened,” said Sitharaman.

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