PM MITRA Parks for Textile sector

With a view to attracting investment, boost employment generation and positioning itself strongly in the global textile market, the Government has approved the setting up of 7 (Seven) PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites including plug and play facility with an outlay of Rs. 4445 cr for a period of seven years upto 2027-28.

The salient features of the PM MITRA Scheme are:-

Willing state governments to have ready availability of contiguous and encumbrance-free land parcel of 1000+ acres for being eligible.
It is envisaged to be in Public Private Partnership (PPP) mode.
There is a provision of Development Capital Support (DCS) @30% of the project cost with maximum support of? 500 Cr and ? 200 Crore per park for Greenfield and Brownfield PM MITRA Park respectively. The DCS is for the creation of Core Infrastructure.
There is a provision of Rs. 300 Cr. per park for incentivizing the industries to set up their units in the park. There is a provision to use 10% of the park’s area for Commercial Development (CD) and the revenue stream from CD may help the maintenance of common assets and facilities.
The selection of sites will be by way of challenge method with weightage of parameters for example connectivity, power infrastructure, water and wastewater disposal system, Industry Friendly labour laws, Single Window Clearances, Stable and Conducive industrial/textile policy of the state. States like Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh and Telangana have expressed interest so far.
The government of India is implementing the Scheme for Integrated Textile Park (SITP) which provides support for the creation of world-class infrastructure facilities for setting up textile units. A government grant up to Rs. 40.00 crores per park is released in instalments, subject to the progress achieved in creation of infrastructure and common facilities. Out of 56 Textile Parks approved/ sanctioned, 24 parks have been completed as per scheme guidelines. In these parks, a total of 1757 units are operational, and Rs.12470 crs(approx) of investment have been mobilized and have generated 95644 employment till date.

Source: PIB

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