India’s PM MITRA Parks Set to Transform Textile Sector with ₹13,040 Crore Investment and ₹27,000 Crore Commitments:
Explore how India’s ambitious PM MITRA Parks initiative with a project outlay of ₹13,040 crore and ₹27,000+ crore in investment commitments , is poised to revolutionise the textile industry, boost exports, create jobs, and enhance global competitiveness.
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India’s PM MITRA Parks Set to Revolutionise the Textile Sector:
In a major boost to India’s textile manufacturing ecosystem, the Government of India has advanced the PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks initiative, with an estimated project cost of ₹13,040 crore.
This ambitious programme has already attracted memoranda of understanding (MoUs) worth more than ₹27,434 crore, signalling strong industry confidence and a significant push toward enhancing India’s position in the global textile market.
What Are PM MITRA Parks?
PM MITRA Parks, short for Prime Minister Mega Integrated Textile Region and Apparel Parks, are large-scale integrated textile hubs being developed to bring together the entire textile value chain from spinning and weaving to processing, printing, garment manufacturing, and accessories within single industrial ecosystems.
The scheme was formulated with the core objective of enhancing the competitiveness of India’s textile sector, reducing logistics costs, attracting investment, creating jobs, and positioning India as a global textile manufacturing powerhouse.
Strategic Vision and Structural Framework:
PM MITRA Parks are designed under India’s broader 5F vision Farm to Fibre to Factory to Fashion to Foreign aimed at linking the entire textile supply chain and expanding export potential.
These parks incorporate plug-and-play infrastructure with world-class facilities, improving ease of doing business for textile companies by offering ready-to-use utilities, efficient logistics and connections to markets.
The Ministry of Textiles is the nodal authority, with the National Industrial Corridor Development Corporation (NICDC) providing programme and technical support for implementation.
Seven Parks Across Key Textile Hubs:
The Government has approved the establishment of seven PM MITRA Parks in strategic locations across India:
Tamil Nadu (Virudhnagar),
Telangana (Warangal),
Gujarat (Navsari),
Karnataka (Kalaburagi),
Madhya Pradesh (Dhar),
Uttar Pradesh (Lucknow),
Maharashtra (Amravati) .
These locations were chosen considering factors such as raw material availability, existing textile activity, connectivity, and export potential.
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Investment and Infrastructure Progress:
So far, investment commitments through MoUs have surpassed ₹27,434 crore, signalling strong industry interest from both domestic and global players.
Governments of the respective states have initiated infrastructure development work worth ₹2,590.99 crore, which includes road connectivity, water supply, and power systems right up to the park gates essential preconditions to attract manufacturing units.
Detailed project reports worth over ₹7,024 crore have been approved for parks in selected states including Madhya Pradesh, Tamil Nadu, Telangana, and Maharashtra.
Economic and Employment Impact:
The PM MITRA initiative is expected to contribute significantly to India’s employment landscape, creating large-scale direct and indirect jobs across the textile value chain.
It also aims to enhance exports, strengthen domestic manufacturing capabilities, and attract further investment into the sector helping the government achieve its goal of making India a global textile hub.
Incentives for Businesses:
Under the PM MITRA scheme, the government provides incentives and support to encourage manufacturing units to set up operations within the parks. These include capital support, competitive incentive schemes, and potential concessions for units not covered under other schemes like the Production Linked Incentive (PLI) for textiles.
Towards a Competitive Global Textile Future:
With infrastructure development underway, investment commitments rising, and strategic policy backing from the central and state governments, the PM MITRA Parks project marks a significant milestone in India’s textile roadmap. The initiative not only aims at boosting manufacturing and exports but also positions the country as a sustainable and integrated textile powerhouse in the global arena.
Team: AccommodationHerald.com
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