Cabinet approves setting up of 7 mega integrated textile region and apparel parks
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The Union Cabinet has approved setting up of seven Mega Integrated Textile Region and Apparel (PM MITRA) parks with a total outlay of Rs 4,445 crore for five years to position India strongly on the global textiles map. The parks will be set up at greenfield/brownfield sites located in different willing states.
The parks will create direct employment for 7 lakh people and indirect employment for 14 lakh people. The parks will offer an opportunity to create an integrated textiles value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at one location. An integrated textile value chain at one location will also reduce the logistics cost of the industry. The parks will be developed by a Special Purpose Vehicle (SPV), which will be owned by the state government and the central government through a Public Private Partnership (PPP) mode.
Under PM-MITRA, 50 per cent area will be developed for pure manufacturing activity, 20 per cent area for utilities, and 10 per cent of the area for commercial development. 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.
