Govt mulling setting up mega parks near ports to attract FDI: Textile Secretary

The government is mulling setting up around ten integrated mega parks with state-of-the-art infrastructure near ports to attract foreign direct investment, a top official said on Monday.

Addressing a conference, Textile Secretary Ravi Capoor said there has been a "very good response" from state governments on the proposed mega parks.

He noted that there are serious issues regarding India's competitiveness as far as exports, cutting across all sectors, are concerned, and that the fear of all Free Trade Agreements essentially comes down to the fact that India is not so competitive.

"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 ...