PM MITRA Scheme, Seven States to get PM MITRA Parks

PM MITRA Scheme: PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks are to be established by the Union Textiles Ministry under its PM MITRA Scheme. PM MITRA Scheme are also important for UPSC Prelims Exam 2023 and UPSC Mains Exam (GS Paper 3- Developing various sectors of economy).

PM MITRA Scheme in News

Recently, PM Modi congratulated Tamil Nadu for its PM MITRA mega textiles park under PM MITRA Scheme in the aspirational district of Virudhunagar. He further said that PM Mitra Park will boost the local economy and it will also be beneficial for the youngsters of the state of Tamil Nadu.

PM MITRA Parks

he Indian government has recently revealed plans to establish seven PM MITRA Parks in different states, including Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh, and Uttar Pradesh.

• Objective: The primary objective of setting up these PM MITRA Parks is to support India in achieving the United Nations Sustainable Development Goal 9, which focuses on establishing durable infrastructure, promoting sustainable industrialization, and fostering innovation.
• Funding: The Ministry of Textiles has issued a notice to establish seven PM MITRA Parks for Mega Integrated Textile Region and Apparel, with a total budget of Rs. 4,445 crore.
• Significance: The goal of PM Mitra Mega Textile parks is to enhance the Indian textile industry in line with Prime Minister Narendra Modi’s 5F vision, which aims to strengthen the industry from farm to fashion to foreign markets.
  • The government is optimistic that these parks will offer state-of-the-art industrial infrastructure that will draw cutting-edge technology and increase both foreign and local investments in the textile sector.

PM MITRA Parks Features

The establishment of these parks will provide an opportunity to develop an integrated textiles value chain that covers spinning, weaving, processing/dyeing, printing, and garment manufacturing, all in one location. As a result, the logistics costs for the industry will be reduced.

• Each park is intended to create one lakh direct jobs and two lakh indirect jobs, providing a significant boost to employment in the region.
• Sites for the PM MITRA Parks will be chosen using a Challenge Method based on objective criteria.
• The government welcomes proposals from state governments that have readily available contiguous and unencumbered land parcels of at least 1,000 acres, along with other textiles-related facilities and ecosystems.

PM MITRA Park Components

PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks are to be established under PM MITRA Scheme. These parks will have following components-

For Greenfield Project

A maximum Development Capital Support (DCS) of Rs. 500 crores will be made available for the creation of shared infrastructure for all Greenfield PM MITRA Parks.

• The DCS will be 30% of the total project cost, with a limit of Rs. 500 crores.

For Brownfield Project

The government has allocated a maximum Development Capital Support (DCS) of Rs. 200 crores for the creation of shared infrastructure in all Brownfield PM MITRA Parks.

• Once the infrastructure requirements are assessed, the DCS for Brownfield sites will be limited to 30% of the project cost for the remaining infrastructure, with a maximum limit of Rs. 200 crores.

PM MITRA Scheme Details

The Union Budget for 2021-22 introduced the PM MITRA (Mega Integrated Textile Region and Apparel) scheme, which is inspired by the 5F vision: Farm to Fibre to Factory to Fashion to Foreign.

• The PM MITRA scheme’s integrated approach is expected to contribute to the growth of the textile sector in the Indian economy.
• The 7 PM MITRA Parks will be established at Greenfield or Brownfield sites in different states that express interest in the project.
• A Special Purpose Vehicle will oversee the development of each park through a Public-Private Partnership model, with joint ownership by the State Government and Government of India.

PM MITRA Infrastructure

Core Infrastructure: Incubation Centre and Plug & Play facility, Developed Factory Sites, Roads, Power, Water and Waste Water system, and other related facilities.

Support Infrastructure: Workers’ hostels & housing, logistics park, warehousing, medical, training & skill development facilities.

PM MITRA Benefits

The PM MITRA (Mega Integrated Textile Region and Apparel) scheme will have following benefits-

• The PM MITRA Parks will enhance the competitiveness of the textiles industry.
• It will help the industry achieve economies of scale.
• It will create huge job opportunities for millions of people.
• The scheme will help Indian companies to emerge as global champions.

PM MITRA Park FAQs

Q. What is a PM MITRA Park?

Ans. A PM MITRA (Mega Integrated Textile Region and Apparel) Park is a special industrial zone focused on developing the Indian textile sector by creating an integrated textile value chain that spans from farming to fashion.

Q. What is the purpose of PM MITRA Parks?

Ans. The purpose of establishing PM MITRA Parks is to boost the Indian textile industry by providing world-class industrial infrastructure, attracting cutting-edge technology, and increasing both foreign and local investments in the sector.

Q. How many PM MITRA Parks will be set up?

Ans. The Indian government has planned to establish seven PM MITRA Parks across different states in India.

Q. How will the PM MITRA Parks be set up?

Ans. The PM MITRA Parks will be developed as Special Purpose Vehicles (SPVs) by the state government and Government of India in a Public-Private Partnership (PPP) model.

Q. What will be the maximum Development Capital Support (DCS) provided for PM MITRA Parks?

Ans. The maximum Development Capital Support (DCS) for Greenfield PM MITRA Parks is Rs. 500 crores, and for Brownfield PM MITRA Parks, it is Rs. 200 crores.

Technotex 2023- Promoting Technical Textiles

Technotex 2023- Promoting Technical Textiles

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