The Central Government has announced plans to set up mega textile parks in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, and Maharashtra. The PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks for the Textile Industry are a step towards realising the vision of making India a global hub for textile manufacturing and exports.
The step is inspired by the 5F vision of the Prime Minister, which includes, Farm to Fibre to Factory to Fashion to Foreign. It is expected that these parks will enhance the competitiveness of the textile industry by helping it achieve economies of scale and attract global players to manufacture in India.
Informing about the seven selected states in a tweet on Friday, March 17, Prime Minister Narendra Modi said that the mega parks would “provide state-of-the-art infrastructure for the textiles sector, attract investment of crores and create lakhs of jobs”.
Seven selected sites chosen out of 18 proposals
The seven selected sites were chosen out of 18 proposals for PM MITRA parks received from 13 states. The eligibility of the states and sites was evaluated using a transparent challenge. It was based on objective criteria, taking into account a variety of factors such as connectivity, the existing ecosystem, textiles, industry policy, infrastructure, utility services, etc. PM Gati Shakti- National Master Plan for Multi-modal Connectivity—was also used for validation.
The parks will receive financial assistance from the Ministry of Textiles in the form of development capital support up to Rs. 500 crore (per park). Further, to encourage prompt implementation, entities in PM MITRA Park will also receive Competitive Incentive Support (CIS) up to Rs 300 crore per park. The parks will provide top-notch infrastructure, plug-and-play features, and industry training and study facilities.
The initiative to create 20 lakh jobs
PM MITRA Parks represents a distinctive model in which the Central and State Governments will collaborate to boost investment, foster innovation, create job opportunities, and eventually turn India into a major hub for textile production and exports. Through these parks, an expenditure of almost 70,000 crores of rupees and the creation of 20 lakh jobs are anticipated.
In a post on Facebook, calling the announcement the biggest-ever initiative for infrastructure in the textile sector, Union Textile Minister Piyush Goyal said, “These mega textile parks will be set up with an outlay of Rs. 4,445 crore.” He further informed that PM MITRA dovetails with the government’s initiatives to sign Free Trade Agreements, which open up developed markets for Indian textiles, apparel, and several other sectors. The Minister also noted that India already ranks among the top exporters of textiles and clothing in the world, but in this Amrit Kaal, the goal is to surpass that position and be the largest exporter in the world.