Wednesday, November 6, 2019

Govt mulling to set up Mega Parks near Ports to attract FDI : Textile Secretary

NEW DELHI: The Government is mulling setting up around 10 integrated mega parks with state-of-the-art infrastructure near ports to attract foreign direct investment, a top official said recently. Addressing a conference, Textile Secretary Ravi Capoor said there has been a "very good response" from State Governments on the proposed mega parks.
 
"A Country which is competitive need not fear about anybody, no Country. Our fears stem from the fact that we know we cannot sustain the onslaught of the most competitive country or that particular product," Capoor said.
 
"The Government is very seriously contemplating mega parks in this Country...limited, maybe ten and compete with the best of the world. Provide...integrated parks close to the port. Today when you say about China-US trade war, they are looking for places to invest," the Secretary said while addressing a CII event here.
 
The Government needs to provide this type of infrastructure to global players to attract FDI and also to the Country's people, he added. Highlighting that world-class manufacturing can only happen if India is competitive globally, the Secretary said India needs to create mega-brands in textile sector and the Ministry was working on all these issues.

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