Centre approves 7 Mega Integrated Textile Region and Apparel Parks (PM MITRA)

The Narendra Modi authorities on the centre has accepted the institution of seven Mega Integrated Textile Region and Apparel Parks (PM MITRA) within the nation with the objecting of placing the nation on the worldwide textiles map. The PM MITRA initiative was introduced within the union funds for 2021-22.
According to an announcement issued by the govt. of India, the PM MITRA scheme is impressed by the 5F imaginative and prescient of PM Narendra Modi. The 5F formulation consists of Farm to Fibre to Factory to Fashion to Foreign. This built-in imaginative and prescient will assist to additional the expansion of the textile sector within the financial system. No different competing nation has a whole textile ecosystem like India, which is powerful in all 5 Fs.
The scheme will provide a chance to create an built-in textiles worth chain proper from spinning, weaving, processing/dyeing and printing to garment manufacturing at one location. Such an built-in textile worth chain at a single location will cut back the logistics value of the business.
Each PM MITRA web site will generate 1 lakh direct and a pair of lakh oblique employment. This means all the scheme will generate 7 lakh direct employment and 14 lakh oblique employment.
The scheme will contain a complete outlay of Rs. 4,445 crore in a interval of 5 years. The 7 Mega Mega Integrated Textile Region and Apparel Parks will ne se up at Greenfield / Brownfield websites positioned in several keen states. States with a contiguous and encumbrance-free land parcel of 1,000+ acres together with different textiles associated amenities and ecosystem have been welcomed to submit proposals for the parks.
So far states like Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh and Telangana have expressed curiosity in establishing PM MITRA websites. The last websites might be chosen by a Challenge Method primarily based on goal standards.
The centre will present ₹500 crore in the direction of Development Capital Support (DCS) of to all Greenfield PM MITRA and a most of ₹200 Crore to Brownfield PM MITRA websites, whereas ₹300 Crore of Competitiveness Incentive Support might be offered to every web site for early institution of textiles manufacturing items. The state governments will contribute by making provision of 1,000 Acre land for the event of a world-class industrial property.
The PM MITRA parks will embody core infrastructure like incubation centre and plug and play facility, developed manufacturing facility websites, roads, energy, water and wastewater system, widespread processing home and CETP and different associated amenities e.g. design centre, testing centres and so forth. Apart from these, they may comprise help infrastructure like employees’ hostels and housing, logistics park, warehousing, medical, coaching & talent growth amenities and so forth. PM MITRA will develop 50% space for pure manufacturing exercise, 20% space for utilities, and 10% of space for industrial growth.
The parks might be developed by a Special Purpose Vehicle which might be owned by the respective state authorities and authorities of India in a Public Private Partnership (PPP) Mode.