The establishment of seven PM MITRA Parks with a Rs 4,445 crores investment over five years has received government approval. 

PM MITRA Parks

Updates from PM MITRA Parks

More than a year and a half after the launch of the PM Mega Integrated Textile Regions and Apparel (PM MITRA) scheme, the Center has chosen locations in seven states, including Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh, and Uttar Pradesh, to establish new textile parks.

The innovative PM GatiShakti National Infrastructure Master Plan authorized the transparent process that was used to choose the PM MITRA parks.

Features of PM MITRA Parks

As part of the initiative, public-private partnerships (PPPs) will be used to build PM MITRA parks, which will be owned by the state governments and the Center.

This is a sort of viability gap funding intended to make the project alluring to the private sector.

The State and Central Governments will design an objective criterion to select a master developer who will not only build the industrial park but also maintain it during the concession period.

Project components include

The parks will have 50% of their land used for manufacturing, 20% for utilities, and 10% for commercial construction.

The textile parks will have a plug-and-play facility, an incubation center, established manufacturing sites, roads, a water, power, and waste-water system, a common processing house, a CETP, as well as other associated facilities like a design center and a testing facility, among others. Additionally, the parks will include accommodation for workers, a logistics park, warehousing, a medical center, and facilities for skill development and training.

Monetary assistance

The Government of India would contribute 30% of the project cost, up to a maximum of Rs 500 crore, for a Greenfield PM MITRA park. Development capital support at 30% of the project cost of the remaining infrastructure and other support facilities is to be established for Brownfield locations following assessment, with a cap of Rs 200 crore.

To encourage the construction of manufacturing facilities, the Centre will also allocate a fund of 300 crores for each PM MITRA Park. Competitiveness incentive support (CIS), which will be provided up to 3% of a newly founded unit's revenue in the parks, will be known as this.

A "contiguous and encumbrance-free land parcel of over 1,000+ acres" as well as other textile-related infrastructure and ecosystems will be made available as part of the state government's support in the meantime.

PM Advantages of the MITRA Parks Scheme

Following are some benefits of the Seven PM MITRA Parks:

PM MITRA Parks' Usefulness

The government's initiatives to sign free trade agreements that give Indian textile, garment, and other industries access to developed markets are in line with the PM MITRA program. The government is presently negotiating trade deals with Canada, the UK, and the EU. Trade agreements have already been struck by the government with the UAE and Australia.

Using Special Purpose Vehicles (SPVs), the Center and the corresponding states will collaborate to create and operate the parks, marking yet another example of cooperative federalism.

The PM MITRA parks will establish a centralized textiles value chain, encompassing spinning, weaving, processing/dying, printing, and garment production.

By establishing economies of scale, this will lower logistical costs and increase the textile industry's competitiveness.

The project is anticipated to produce 1 lakh direct and 2 lakh indirect employment opportunities in each park. Additionally, the world-class infrastructure will draw in cutting-edge technology and encourage both local and foreign direct investment in the industry.

With a long history in textiles dating back to ancient times, India is about to experience a tremendous shift that will make the country a centre for international trade, industry, and investment. The PM MITRA park is a crucial step in realizing the Aatmanirbhar Bharat and "Vocal for Local" campaigns, which were motivated by the Prime Minister's 5F vision of Farm to Fibre to Factory to Fashion to Foreign and associate with mitra print email affiliate or mitra print affiliate program.