PM MITRA Parks

PM MITRA Park Latest News

The Prime Minister recently laid the foundation stone of the country’s first Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Park in Madhya Pradesh’s Dhar District.

About PM MITRA Park

• Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) is a mega textile hub that brings every step of textile production, like spinning, weaving, dyeing, printing, and garment-making, into one single place. 
• Each park covers a large area (about 1,000 acres or more) and acts as a complete ecosystem for textile manufacture.
• MITRA parks can be either Greenfield or Brownfield.
• The scheme is inspired by the vision “Farm to Fibre to Factory to Fashion to Foreign” and aims to make Indian textiles cheaper, faster to market, and of higher quality.
• Nodal Ministry: Ministry of Textiles

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PM MITRA Park Features

• Integrated Value Chain: Each park brings spinning, garmenting, dyeing, and processing into a single zone, cutting transport time and costs.
• World-Class Infrastructure: 
  • The parks have modern roads, reliable power and water, worker hostels, logistics, and plug-and-play factory units, with space for research, skill training, and commercial activity.
  • PM MITRA will develop 50% area for pure Manufacturing Activity, 20% area for utilities, and 10% of area for commercial development. 
• Jobs and Investment: Each park is expected to create 1 lakh direct and 2 lakh indirect jobs. The project aims to attract over Rs 70,000 crore in investments.
• Public–Private Partnership: PM MITRA park will be developed by a Special Purpose Vehicle (SPV) which will be owned by the State Government and the Government of India in a Public-Private Partnership (PPP) Mode.
• Capital and Incentives:  
  • The Ministry of Textiles will provide financial assistance up to Rs 800 crores per park for Greenfield projects and up to Rs 500 crores per park for Brownfield projects. 
  • The State Governments will provide land and augmented utility infrastructure for the proposed mega textile parks. 

Where are the PM MITRA Parks?

• The seven approved PM Mitra Parks are being set up in:
  • Tamil Nadu (Virudhunagar)
  • Telangana
  • Gujarat
  • Karnataka
  • Madhya Pradesh
  • Uttar Pradesh (Lucknow district)
  • Maharashtra

Source: NDTV