The government has approved final DPRs for PM MITRA textile parks worth ₹5,567 crore across three states, boosting textile infrastructure and investment.
The Ministry of Textiles (MoT), in collaboration with National Industrial Corridor Development Corporation Limited (NICDC), held a stakeholder consultation in New Delhi, Delhi, to engage prospective developers for Pradhan Mantri – Mega Integrated Textile Region and Apparel (PM MITRA) Parks.
- During the meeting, Rohit Kansal, Additional Secretary, MoT, announced that Detailed Project Reports (DPRs) worth Rs. 5,567 crore have been finalized for three greenfield textile parks in Uttar Pradesh (UP), Karnataka and Gujarat.
About PM MITRA Greenfield Textile Parks:
Three Greenfield Parks: The DPRs cover 3 Greenfield textile parks in
- Lucknow, UP: A Greenfield PM MITRA Park spanning 1,000 acres in UP.
- Kalaburagi, Karnataka: A Greenfield PM MITRA Park covering 1,000 acres in Karnataka.
- Navsari, Gujarat: A Greenfield PM MITRA Park spread over 1,142 acres in Gujarat.
Purpose: To explore partnership opportunities with Master Developers for building integrated textile parks.
Development Model: Parks will be developed under a Public-Private Partnership (PPP) using the Design, Build, Finance, Operate, and Transfer (DBFOT) framework, with Master Developers playing a key role in planning, execution, and operation.
Investor Interest: Reported investor interest in the three parks exceeds Rs 20,054 crore, supported by plug-and-play infrastructure, integrated logistics, and clean power.
About Pradhan Mantri – Mega Integrated Textile Region and Apparel (PM MITRA) Parks:
Launch: It was announced in the Union Budget for Financial Year 2021–22 (FY22) to promote textile manufacturing and support United Nations (UN) Sustainable Development Goal (SDG) 9, with a total financial outlay of Rs 4,445 crore.
Objective: Develop large-scale integrated textile parks of at least 1,000 acres each.
Park Locations: PM MITRA scheme is planned across seven sites including greenfield projects at Virudhnagar (Tamil Nadu, TN), Navsari (Gujarat), Kalaburagi (Karnataka), Dhar (Madhya Pradesh, MP), Lucknow (Uttar Pradesh, UP), and brownfield projects at Warangal (Telangana) and Amravati (Maharashtra).
Funding: The PM MITRA scheme offers Development Capital Support up to 30% of project costs and Competitive Incentive Support up to Rs. 300 crore per park, aiming to attract nearly Rs 70,000 crore in investments and generate around 20 lakh direct and indirect jobs.
Vision: Anchored in the 5F vision: Farm to Fibre to Factory to Fashion to Foreign.
Integrated Operations: The PM MITRA parks will integrate spinning, weaving, processing, and garmenting at a single location, housing the entire textile value chain while reducing logistics costs and enhancing global competitiveness.
News Courtesy : Affairs cloud