Seven Mega Textile Parks To Be Set Up At Rs 4,445 Crore
The 7 PM Mega Integrated Textile Region and Apparel Parks will be set up at Greenfield/Brownfield sites located in different willing States.
PM MITRA is inspired by the 5F vision of the Prime Minister.
The '5F' Formula encompasses — Farm to fibre; fibre to factory; factory to fashion; fashion to foreign.
Aiming at building an Atma Nirbhar Bharat and also to position India strongly on the global textiles map, the Textiles Ministry has issued the notification for setting up of seven PM MITRA (Mega Integrated Textile Region and Apparel) Parks with a total outlay of Rs 4,445 crore as announced in Union Budget for 2021-22 and approved by the Central Government.
PM MITRA Parks is envisaged to help India in achieving the United Nations Sustainable Development Goal 9 — to build resilient infrastructure, promote sustainable industrialization and foster innovation.
The 7 PM Mega Integrated Textile Region and Apparel Parks will be set up at Greenfield/Brownfield sites located in different willing States. PM MITRA is inspired by the 5F vision of the Prime Minister. The '5F' Formula encompasses — Farm to fibre; fibre to factory; factory to fashion; fashion to foreign.
This integrated vision will help further the growth of the textile sector in the economy. No other competing nation has a complete textile ecosystem like us and India is strong in all five Fs.
The scheme is to develop an integrated large scale and modern industrial infrastructure facility for the entire value-chain of the textile industry. It will reduce logistics costs and improve competitiveness of Indian Textiles.
The scheme will help India in attracting investments, boosting employment generation and position itself strongly in the global textile market. These parks are envisaged to be located at sites which have inherent strength for Textile Industry to flourish and have necessary linkages to succeed.
Proposals of State Governments having ready availability of contiguous and encumbrance-free land parcels of 1,000+ acres along with other textiles related facilities and ecosystem are welcome.
For a Greenfield PM MITRA park, the GOI Development Capital Support will be 30 per cent of the Project Cost, with a cap of Rs 500 crore.
For Brownfield sites, after assessment, Development Capital Support at 30 per cent of project cost of balance infrastructure and other support facilities to be developed and restricted to a limit of Rs 200 crore.
State Government support will include provision of 1,000 acres land for development of a world class industrial estate.
Competitiveness Incentive Support (CIS) of Rs 300 crore will also be provided to each PM MITRA park for early establishment of textiles manufacturing units in PM MITRA Park.
Such support is crucial for a new project under establishment which has not been able to break even and needs support till it is able to scale up production and be able to establish its viability.
PM MITRA park will be developed by a Special Purpose Vehicle which will be owned by the State Government and Government of India in a Public Private Partnership (PPP) Mode.
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.
SPV in which the State Government has majority ownership will be entitled to receive part of the lease rental from developed industrial sites and will be able to use that for further expansion of the textiles industry in the area by expanding the PM MITRA Park, providing Skill Development initiatives and other Welfare measures for workers.
Convergence with other Central Government and State Government Schemes is available as per their eligibility under the guidelines of those schemes. This will enhance the competitiveness of the textiles industry, by helping it in achieving economies of scale and creating huge job opportunities for millions of people.
Leveraging Economies of Scale, the scheme will help Indian companies to emerge as global champions. The detailed guidelines for the scheme is under preparation, after which the proposals will be invited from the willing state governments.
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