BW Explains: Why Is Modi So Upbeat About PMMITRA Scheme
Prime Minister Narendra Modi on Tuesday lauded the setting up of PM Mega Integrated Textile Sector and Apparel (PM MITRA) textiles park in Uttar Pradesh's Lucknow and Hardoi districts. PM Modi shared the tweet by Commerce and Industry minister Piyush Goyal about the launch of the PM MITRA Textile park in UP today.
He said, "Uttar Pradesh has a rich tradition of textiles, a big market and consumer base. It is home to hardworking weavers and a skilled workforce. The setting up of the PM MITRA Mega Textiles Park across Lucknow and Hardoi districts will greatly benefit UP".
He further tweeted "Today is a very important day for all my brothers and sisters of Uttar Pradesh. PM MITRA Park is going to be launched in Lucknow and Hardoi. My best wishes to all of you on this occasion."
उत्तर प्रदेश के मेरे सभी भाइयों और बहनों के लिए आज एक बहुत अहम दिन है। लखनऊ और हरदोई में PM MITRA पार्क का शुभारंभ होने जा रहा है। इस अवसर पर आप सभी को मेरी बहुत-बहुत शुभकामनाएं। #PragatiKaPmMitra https://t.co/su1OlbHlQe
— Narendra Modi (@narendramodi) April 18, 2023
The Union government has launched the Pradhan Mantri Mega Integrated Textile Region and Apparel scheme to boost the textile sector in India. The scheme, spread over seven states of Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra, aims to create a common platform for the weavers and the companies involved in apparel marketing. 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.
BW Explains tries to explain what the scheme is all about.
Understanding the scheme
The Government of India made the announcement for setting up of 7 PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks for the Textile industry on 17 March. The Parks will come up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra.PM MITRA Parks will help in creating world-class industrial infrastructure that would attract large scale investment including foreign direct investment (FDI) and encourage innovation and job creation within the sector.
Where Would These Mega Textile Parks Come Up
These 7 sites were chosen out of 18 proposals for PM MITRA parks which were received from 13 States. Eligible States and sites were evaluated using a transparent Challenge Method based on objective criteria taking into account a variety of factors such as connectivity, existing ecosystem, textile/industry policy, infrastructure, utility services etc. PM Gati Shakti- National Master Plan for Multi-modal Connectivity was also used for validation.
The parks will offer an excellent infrastructure, plug and play facilities as well as training and research facilities for the industry.
Who Will Manage These Clusters
The Centre’s Ministry of Textiles will oversee the execution of these projects. An SPV owned by Centre and State Government will be set up for each park which will oversee the implementation of the project. The Ministry of Textiles will provide financial support in the form of Development Capital Support upto Rs. 500 crore per park to the Park SPV. A Competitive Incentive Support (CIS) upto Rs 300 crore per park to the units in PM MITRA Park shall also be provided to incentivise speedy implementation. Convergence with other GOI schemes shall also be facilitated in order to ensure additional incentives to the Master Developer and investor units.
Who Will Benefit From The Scheme
The scheme aims at promoting not just textile manufacturers, but even the weavers. Through this scheme, they will come on a common platform to engage and innovate. The project will not just create an enhanced infrastructure for textile promotion, but also create thousands of jobs.
