PM MITRA Scheme Attracts ₹18,500 Crore in Investments

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AI Summary

New Delhi: Union Textiles Minister Giriraj Singh announced in the Lok Sabha on Tuesday that investment memorandums of understanding (MoUs) or proposals with an anticipated investment potential exceeding ₹18,500 crore have been signed or received under the PM Mega Integrated Textile Region and Apparel (PM MITRA) park scheme.

Regarding the PM MITRA park in Amravati, Maharashtra, Singh mentioned that the tender for infrastructure development amounting to ₹111 crore has been finalized, and a work order has been issued.

To foster growth and development in the textile sector, including exports, the central government is implementing a range of initiatives, such as the Scheme for Integrated Textile Park (SITP), Integrated Processing Development Scheme (IPDS), Production Linked Incentive (PLI) Scheme, National Technical Textiles Mission (NTTM), SAMARTH – Scheme for Capacity Building in the Textile Sector ATUFS, Silk Samagra-2, National Handloom Development Program (NHDP), and National Handicraft Development Program (NHDP).

To establish integrated, large-scale, and modern industrial infrastructure facilities across the entire textile industry value chain, the government has approved the creation of seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks on both greenfield and brownfield sites, with a scheme outlay of ₹4,445 crore for the period from 2021-22 to 2027-28.

The government has identified seven locations for the establishment of PM MITRA parks: Virudhunagar in Tamil Nadu, Warangal in Telangana, Navsari in Gujarat, Kalaburagi in Karnataka, Dhar in Madhya Pradesh, Lucknow in Uttar Pradesh, and Amravati in Maharashtra.

Once operational, each PM MITRA park is anticipated to attract around ₹10,000 crore in investments and create approximately 300,000 direct and indirect employment opportunities.

The PM MITRA scheme has a financial allocation of ₹4,445 crore covering the period from 2021-22 to 2027-28.

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