Uttar Pradesh amongst 7 states to get a Mega Textile Park from Centre
4 min readExpress News Service
LUCKNOW: In a significant infra push to the state, Union Government permitted a mega textile park for Uttar Pradesh together with six different states on Friday. The 1000-acre venture — Prime Minister Mega Integrated Textile Region and Apparel Park (PM MITRA) will come up within the state capital Lucknow at a price of Rs 1200 crore.
The different six states, which have been given the park, embrace Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat and Madhya Pradesh.
Responding to the announcement made by Prime Minister Narendra Modi concerning the venture in New Delhi on Friday, UP CM Yogi Adityanath took to Twitter to specific gratitude to the Centre on behalf of the 25 crore inhabitants of UP for the mega venture.
He mentioned that by way of the venture, PM’s decision of ‘Make in India’ and ‘Make for the world’ would take form on the bottom. “This textile park will give a new identity to Uttar Pradesh’s textile industry
besides creating huge investment possibilities and lakhs of jobs,” added CM Yogi. He claimed that the park would make all of the services associated to the state’s textile sector obtainable beneath one roof. It would additionally show to be a boon for the textile artisans, weavers and people engaged in handicrafts in UP.
Photo | Yogi Adityanath @ Twitter
Highly positioned official sources claimed that now the Yogi authorities would type a Special Purpose Vehicle (SPV) to make sure the completion of modalities in the direction of establishing of the venture quickly.
While the Additional Chief Secretary, Department of Handloom and Textiles, Government of Uttar Pradesh will probably be appointed because the Chief Executive Officer (CEO) within the SPV, the Secretary, Ministry of Textiles, Government of India will bear the duty of the Chairman.
ALSO READ | Mega textile parks to come back up in 7 states
The proposed title of the SPV will probably be “Sant Kabir PM Mitra Textile & Apparel Park Limited”. The state authorities has already organized Rs 10 crore (paid-up capital) for the venture through which UP would contribute 51 per cent of the overall capital whereas 49 per cent share will probably be from the Government of India.
To be developed on the Public Private Partnership (PPP) mannequin, free land will probably be made obtainable to the Handloom and Textiles Department for the textile Park.
Moreover, the state authorities is anticipating an funding of Rs 10,000 crores within the textile sector and the creation of round a lakh direct and two lakh oblique employment alternatives by way of the mega venture.
LUCKNOW: In a significant infra push to the state, Union Government permitted a mega textile park for Uttar Pradesh together with six different states on Friday. The 1000-acre venture — Prime Minister Mega Integrated Textile Region and Apparel Park (PM MITRA) will come up within the state capital Lucknow at a price of Rs 1200 crore.
The different six states, which have been given the park, embrace Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat and Madhya Pradesh.
Responding to the announcement made by Prime Minister Narendra Modi concerning the venture in New Delhi on Friday, UP CM Yogi Adityanath took to Twitter to specific gratitude to the Centre on behalf of the 25 crore inhabitants of UP for the mega venture.googletag.cmd.push(perform() googletag.show(‘div-gpt-ad-8052921-2’); );
He mentioned that by way of the venture, PM’s decision of ‘Make in India’ and ‘Make for the world’ would take form on the bottom. “This textile park will give a brand new identification to Uttar Pradesh’s textile trade
moreover creating large funding prospects and lakhs of jobs,” added CM Yogi. He claimed that the park would make all of the services associated to the state’s textile sector obtainable beneath one roof. It would additionally show to be a boon for the textile artisans, weavers and people engaged in handicrafts in UP.
Photo | Yogi Adityanath @ Twitter
Highly positioned official sources claimed that now the Yogi authorities would type a Special Purpose Vehicle (SPV) to make sure the completion of modalities in the direction of establishing of the venture quickly.
While the Additional Chief Secretary, Department of Handloom and Textiles, Government of Uttar Pradesh will probably be appointed because the Chief Executive Officer (CEO) within the SPV, the Secretary, Ministry of Textiles, Government of India will bear the duty of the Chairman.
ALSO READ | Mega textile parks to come back up in 7 states
The proposed title of the SPV will probably be “Sant Kabir PM Mitra Textile & Apparel Park Limited”. The state authorities has already organized Rs 10 crore (paid-up capital) for the venture through which UP would contribute 51 per cent of the overall capital whereas 49 per cent share will probably be from the Government of India.
To be developed on the Public Private Partnership (PPP) mannequin, free land will probably be made obtainable to the Handloom and Textiles Department for the textile Park.
Moreover, the state authorities is anticipating an funding of Rs 10,000 crores within the textile sector and the creation of round a lakh direct and two lakh oblique employment alternatives by way of the mega venture.
