PM MITRA Parks to Boost Textile Sector with Rs 18,500 Crore Investment
The Indian government has received investment proposals worth Rs 18,500 crore under the PM MITRA Park scheme for increasing production, employment, and exports in the textile industry, Union Textiles Minister Giriraj Singh told the Lok Sabha on Tuesday.
PM Mega Integrated Textile Region and Apparel (PM MITRA) plan with an outlay of Rs 4,445 crore for the five years starting 2021-28 will create large-scale, state-of-the-art industrial infrastructure over the entire textile value chain. There are seven locations that have been finalized for the parks: Virudhnagar in Tamil Nadu, Warangal in Telangana, Navsari in Gujarat, Kalaburagi in Karnataka, Dhar in Madhya Pradesh, Lucknow in Uttar Pradesh, and Amravati in Maharashtra.
Every park is likely to create Rs 10,000 crore of investments and provide about 3 lakh direct and indirect jobs. The program aims to support India's potential as a textile world hub by offering integrated ecosystems for manufacturers and exporters.
Along with PM MITRA, the government is rolling out other programs like Scheme for Integrated Textile Park (SITP), Integrated Processing Development Scheme (IPDS), Production Linked Incentive (PLI) Scheme, and National Technical Textiles Mission (NTTM). There are also programs like SAMARTH, Silk Samagra-2, and National Handloom and Handicraft Development Programs for the benefit of artisans and small-scale businesses for skill building, technological enhancement, and marketing.
To give a boost to the handloom industry, assistance is given for raw materials, improved equipment, solar lighting, work sheds, product development, and marketing assistance. Concessional loans under the weavers' MUDRA scheme and social security pensions also improve workers' welfare.
Through the PM MITRA Park scheme and allied schemes, the government hopes for a revolutionary change in India's textile sector, generating huge investments, employment opportunities, and enhancing global competitiveness in the years to come.
