The central government plans to set up seven Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) parks across the country and is setting up special purpose vehicles for the same.
As per reports, these parks will be set up at Virudhunagar in Tamil Nadu, Warangal inTelangana, Navsari in Gujarat, Kalaburagi in Karnataka, Dhar in Madhya Pradesh, Lucknow in Uttar Pradesh, and Amravati in Maharashtra. The government has already incorporated SPVs in Gujarat and Uttar Pradesh for the project and is further setting SPVs in Madhya Pradesh, Tamil Nadu, Telangana, Maharashtra, and Karnataka.
The project will be implemented by the Ministry of Textiles. Around 49 per cent of the project cost will be covered by the central government with the respective state governments investing the remaining 51 per cent.
Each of the Greenfield parks will be set up with an investment of Rs 800 crore while brownfield parks will be set up at an investment of Rs 500 crore. Land and utility infrastructure for the project will be provided by each of the state government. The PM MITRA parks will help create a world-class infrastructure for the textile sector.
