PM MITRA MEGA TEXTILE PARKS

  • The Prime Minister of India has informed that PM MITRA mega textile parks would be set up in some states which will boost the textiles sector in line with 5F (Farm to Fibre to Factory to Fashion to Foreign) vision.
  • Ministry of Textiles78

Aim:

The PM Mega Integrated Textile Regions and Apparel Parks (MITRAs) Scheme aims to strengthen the Indian textile industry by way of:

  1. enabling scale of operations,
  2. reduce logistics cost by housing entire value chain at one location,
  3. attract investment,
  4. generate employment and
  5. augment export potential.

Location:

These parks are envisaged to be located at sites which have inherent strengths for textile industry to flourish and have necessary linkages to succeed.

Other details:

  • The scheme envisages to leverage Public Private Partnership model for fast paced implementation in a time-bound manner.
  • The scheme will develop integrated large scale and modern industrial infrastructure facility for total value-chain of the textile industry.

Funding:

  • For the development of common infrastructure the centre will provide:
  • 500 crore for each greenfield MITRA park and
  • upto Rs 200 crore for each brownfield park.
  • Rs 300 crore will be provided additionally as Competitiveness Incentive Support for the early establishment of textiles manufacturing units in each of these parks.
  • Setting up of anchor plants that employ at least 100 people will fetch incentives of upto Rs 10 crore every year for upto three years.

SOURCE: THE HINDU, THE ECONOMIC TIMES, PIB

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