<span style="color: #222222;">The Union Cabinet approved the setting up of seven Mega Integrated Textile Region and Apparel (PM MITRA) Parks with a total outlay of four thousand 445 crore rupees over five years. In a Briefing, Textiles Minister Piyush Goyal said, the move is inspired by the Five-F vision of Prime Minister Narendra Modi which is Farm to Fibre to Factory to Fashion to Foreign.<br />'' <br />'' PM MITRA Park will be developed by a Special Purpose Vehicle which will be owned by State Governments and the Government of India in a Public-Private Partnership Mode. The Master Developer will not only develop the Industrial Park, but also maintain it during the concession period.<br />'' <br />''The SPV, in which the State Government has a majority ownership, will be entitled to receive a part of the lease rental from developed industrial sites and will be able to use that for further expansion of the textiles industry in the area.<br />'' <br />''The Union Government will also provide a fund of 300 crore rupees for each PM MITRA Park to incentivize manufacturing units to get established.<br />'' <br />''The Cabinet also approved the Productivity Linked Bonus equivalent to 78 days' wage for eligible non-gazetted Railway employees excluding RPF or RPSF personnel for financial year 2020-21.</span>