Economics • Indian EconomyHard
Analyze the strategic intent behind establishing 'PM MITRA' parks across India in the textile sector. What economic model do these mega parks incorporate?
A. An integrated plug-and-play industrial infrastructure model designed to reduce logistics costs and attract massive investments✓ Correct Answer
B. A decentralized handloom cooperative framework focusing exclusively on traditional silk weaving clusters
C. A public-private partnership model dedicated to importing foreign synthetic yarn duty-free
D. An agricultural zoning initiative promoting organic cotton cultivation through direct cash incentives
💡 Solution & Explanation
The PM MITRA parks initiative seeks to develop world-class industrial infrastructure by integrating spinning, weaving, processing, and printing facilities in a single location to reduce logistics costs and enhance global competitiveness. Inspired by the 5F vision comprising farm, fibre, factory, fashion, and foreign, these parks promote large-scale manufacturing. Several states have been selected to host these specialized textile hubs.
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