Boosting employment: 7 mega textile parks to come up, Centre approves scheme

ameya sathaye
By ameya sathaye October 6, 2021 21:26

Boosting employment: 7 mega textile parks to come up, Centre approves scheme


Government has approved setting up of 7 Mega Integrated Textile Region and Apparel (PM MITRA पीएम मित्र)
Parks with a total outlay of Rs. 4,445 crore in a period of 5 years.

PM MITRA(पीएम मित्र) is inspired by the 5F vision of Hon’ble Prime Minister -Farm to Fibre to Factory to Fashion to Foreign

World-class industrial infrastructure would attract cutting age technology and boost FDI and local investment in the sector

PM MITRA(पीएम मित्र) will offer an opportunity to create an integrated textiles value chain right from
spinning, weaving, processing/dyeing and printing to garment manufacturing at 1 location

Integrated Textile Value chain at 1 location will reduce logistics cost of Industry

Intended to generate ~1 lakh direct and 2 lakh indirect employment per park

Several states such as Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam,
Karnataka, Madhya Pradesh and Telangana have expressed interest

Sites for PM MITRA(पीएम मित्र) will be selected by a Challenge Method based on objective criteria

New Delhi, Oct 6 (IANS) To give a boost to the employment intensive textile sector, the Union cabinet on Wednesday approved the setting up of seven mega integrated region and apparel (PM MITRA) parks.

Accordingly, these seven parks have been allotted a total outlay of Rs 4,445 crore for a period of five years.

Besides, these parks will be set up at greenfield or brownfield sites located in different states.

Subsequently, the Centre has invited proposals from state governments having ready availability of contiguous and encumbrance-free land parcel of more than 1,000 acres along with other textiles related facilities and ecosystem.

Under the scheme, a ‘Maximum Development Capital Support’ (DCS) of Rs 500 crore to all ‘Greenfield PM MITRA’ and a maximum of Rs 200 crore to ‘Brownfield PM MITRA’ will be provided for development of ‘Common Infrastructure’.

Furthermore, Rs 300 crore of Competitiveness Incentive Support (CIS) will also be provided to each PM MITRA park for early establishment of textiles manufacturing units.

“State Government support will include provision of 1,000 acre land for development of a world class industrial estate.”

As per the communique, PM MITRA will develop 50 per cent area for pure ‘Manufacturing Activity’, 20 per cent area for utilities, and 10 per cent area for commercial development.

“PM MITRA park will be developed by a ‘Special Purpose Vehicle’ which will be owned by State Government and Government of India in a Public Private Partnership (PPP) mode.”

“The ‘Master Developer’ will not only develop the ‘Industrial Park’ but also maintain it during the concession period. Selection of this Master Developer will happen based on objective criteria developed jointly by State and Central Governments.”

According to the Cabinet, the SPV in which the state government has majority ownership will be entitled to receive part of the lease rental from developed industrial sites and will be able to use that for further expansion of textiles industry in the area by expanding the ‘PM MITRA’ park, providing skill development initiatives and other welfare measures for workers.

ameya sathaye
By ameya sathaye October 6, 2021 21:26