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Government receives investment proposals worth Rs 18, 500 crore under PM MITRA plan

 

Aimed at boosting production, employment and exports in the textile industry, the Indian government has received investment proposals worth Rs 18,500 crore under the PM MITRA, informs Giriraj Singh, Union Textiles Minister.

With a total outlay of Rs 4,445 crore for 2021-28, the PM Mega Integrated Textile Region and Apparel (PM MITRA) plan, seeks to create large-scale, state-of-the-art industrial infrastructure across the textile value chain. The government has finalized seven locations for these parks. These include. Virudhnagar (Tamil Nadu), Warangal (Telangana), Navsari (Gujarat), Kalaburagi (Karnataka), Dhar (Madhya Pradesh), Lucknow (Uttar Pradesh), and Amravati (Maharashtra).

Each park is expected to attract Rs 10,000 crore in investments and generate approximately 300,000 direct and indirect jobs. The program aims to position India as a global textile hub by providing integrated ecosystems for manufacturers and exporters.

In addition to PM MITRA, the government is implementing schemes like the Scheme for Integrated Textile Park (SITP), Integrated Processing Development Scheme (IPDS), Production Linked Incentive (PLI) Scheme, and National Technical Textiles Mission (NTTM). Programs like SAMARTH, Silk Samagra-2, and National Handloom and Handicraft Development Programs are also in place to support artisans and small-scale businesses through skill building, technological enhancement, and marketing assistance.

To expand the handloom industry, the government provides assistance for raw materials, improved equipment, solar lighting, work sheds, product development, and marketing. Concessional loans under the weavers' MUDRA scheme and social security pensions are also offered to improve workers' welfare.

Through the PM MITRA Park scheme and related initiatives, the government anticipates a transformative impact on India's textile sector, driving substantial investments, creating employment opportunities, and enhancing global competitiveness.

 
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