The Ministry of Textiles on 20th October 2021 has decided to set up 7 (Seven) PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites in partnership with the willing State Governments.
The scheme is to develop integrated large-scale and modern industrial infrastructure facilities for the entire value-chain of the textile industry. It will reduce logistics costs and improve the 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.
The 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks will be set up at Greenfield / Brownfield sites located in different willing States.
For a Greenfield PM MITRA park, the GOI Development Capital Support will be 30% of the Project Cost, with a cap of ₹500 Cr. For Brownfield sites, after assessment, Development Capital Support @30% of project cost of balance infrastructure and other support facilities to be developed and restricted to a limit of Rs. 200 Crore. State Government supports will include provision of 1,000 Acre land for development of a world class industrial estate.
Competitiveness Incentive Support (CIS) of ₹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.
