Question

    Which of the following is a key feature of the PM MITRA

    Parks initiative aimed at supporting the development of the textile industry in India?
    A Providing direct subsidies to textile workers Correct Answer Incorrect Answer
    B Establishing Special Purpose Vehicles (SPVs) for Greenfield sites Correct Answer Incorrect Answer
    C Offering interest-free loans to textile manufacturers Correct Answer Incorrect Answer
    D Creating a single national park for textile production Correct Answer Incorrect Answer
    E Importing textile machinery from foreign countries Correct Answer Incorrect Answer

    Solution

    A key feature of the PM MITRA Parks initiative is the establishment of Special Purpose Vehicles (SPVs) for the Greenfield sites. These SPVs are responsible for implementing and managing the parks, ensuring that they are equipped with world-class infrastructure and facilities. This approach is intended to streamline the development process and attract significant investments, thereby boosting the local economy and strengthening India's textile ecosystem.

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