Union Textile Minister Piyush Goyal has acknowledged the industry's enthusiam
for the Pradan Mantri Mega Integrated Textile Region and apparel (PM MITRA)
Parks.During an industry inter action event,Goyal praised the initiative
taken by the 7 STATES Govts to create a conducive ecosystem for textile
manufacturing and encouraged the industry to uilize attractive schemes
offered by the Ministry of Textiles. Goyal suggested the establishment of
an invest India desk to support investors and released a PM MITRA Borchure.
The event provided a platform for collaboration between the Ministry of
Textiles,the 7 state Governments,and industry stakeholders.
In Gujarat,an MoU has been signed fot the construction of the PM MITRA
Park,spanning over 1141 acres, aims to establish an integrated textile
value chain from spinning to garment mnufacturing. Chief Minister
Bhupendra Patel highlightened Gujrat's significant contributions to the
textile industry and expressed optimisum about the park's potential to
boost exports and promote innovation.Union Minister Piush Goyal emphasized
that the park would showcase collaboration between the central and
state Governments,attract investments and estalish India as a global
textile production and export hub.
The State of Maharashtra has also been awarded a PM MITRA park
in Amaravathi
Union Minister Piyush Goyal lauded Maharashtra's contribution acrous
the value chain and highlightened the well-connected infrastructures
of Amaravathi,which will support the textile industry. The Park is
expected to attract significant investment and create employment
oppertunities. A Memorandom of understanding was signed between the
Maharashtra Industrial Development Corporation and the Ministry of
Textiles for the establishment of the Park.
The PM MITRA Textile Park in Amaravathi is projected to attract an
investment of Rs.10,000 crore and generate employment of approximately
300,000 individuals. The Park located near Mumbai Nagpur Samrudhi Highway
possesses essential infrastructure and aims to strengthen Maharashtra's
textile industry. These devolopments align with the vision of Atmanirbhur
Bhrat and position India as a Global Leader in the Textile Sector.
The PM MITRA Parks will be devoloped in Public-Private Partnership mode
through a Special vehicle jointly owned by the Central and State Governments.
The Central Governament will provide devolopment capital assistance of
Rs.500 crores to each Green Field PM MITRA park for the devolpment
of common basic infrastructure in addition to Rs.300 crores per Park as
incentive for investers on a first come first serve basis.
Source:
THE TEXTILE MAGAZINE
July 2023.
