Under the PM Mega Integrated Textile Regions and Apparel (PM MITRA) concept, the government has plans to establish seven mega textile parks as part of its massive “Make in India” initiative.
In the seven states of Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh, and Uttar Pradesh, these parks will be built.
“The parks would provide cutting-edge facilities for the textiles sector, attract investment of billions, and create lakhs of jobs,” stated Prime Minister Narendra Modi in a tweet.
The parks will be built by 2026–2027, according to the plan, which was published in October 2021. Despite only receiving an initial allocation of Rs 200 crore in the 2023–24 Budget, the project will ultimately cost Rs 4,445 crore.
“PM MITRAmega textile parks will boost the textiles sector in line with 5F (Farm to Fibre to Factory to Fashion to Foreign) vision,” PM Modi tweeted.
According to Union Minister Piyush Goyal, the Center plans to invest close to Rs 70,000 crore in these parks, creating jobs for roughly 20 lakh people. Goyal said, “The textile industry has been unorganised in the country. This increased wastage and logistical costs impacted the competitiveness of the country’s textile sector. This cluster-based approach, a vision of the Prime Minister, will solve several problems of the sector”.
The BJP leader added that the programme would also make environmental approvals easier.
Rachna Shah, the secretary for textiles, stated that the ministry carefully evaluated 18 suggestions from 13 states before deciding on the parks’ locations.
States’ and the sites’ eligibility was assessed using a transparent challenge
The states’ and the sites’ eligibility was assessed using a transparent challenge. It was founded on objective standards, taking into account a range of elements like connection, the current ecosystem, textiles, industry regulations, infrastructure, utility services, etc. Furthermore used for validation was PM Gati Shakti, the national master plan for multimodal connectivity.
The Central and State Governments will work together under PM MITRA Parks to increase investment, stimulate innovation, create job opportunities, and ultimately transform India into a significant centre for textile production and exports. It is projected that these parks will cost close to 70,000 crores of rupees and generate 20 lakh employment.
“An SPV [Special Purpose Vehicle] owned by the Centre and State Government will be set up for each park which will oversee the implementation of the project. The Ministry of Textiles will provide financial support in the form of Development Capital Support upto Rs 500 crores per park to the Park SPV,” the Ministry said.
In the statement of Ministry, “A Competitive Incentive Support (CIS) upto Rs 300 crores per park to the units in PM MITRA Park shall also be provided to incentivise speedy implementation. Convergence with other Government of India schemes shall also be facilitated in order to ensure additional incentives to the Master Developer and investor units”
Also Read: OnePlus 11: Top variant with innovative features to launch in India, specs and all other details here
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER
 concept, the government has plans to establish seven mega textile parks as part of its massive "Make in India" initiative.){kind=link}