PM-MITRA MEGA TEXTILE PARKS (Syllabus: GS Paper 3 – Economy)

News-CRUX-10     21st December 2023        
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Context: The Government approved setting up of 7 (Seven) PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites with world class infrastructure including plug and play facility with an outlay of Rs. 4,445 cr.

PM-MITRA Mega Textile Parks

  • Accordingly, the Government of India approved 7 PM MITRA Parks for the Textile industry.

oTamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra

  • Nodal Ministry: Ministry of Textiles
  • Launched: 2021   
  • Developed by: Special Purpose Vehicle (SPV)
  • Capital Support: Up to Rs. 500 crores per park to the Park SPV.                                                                             
  • Inspired by: 5F vision i.e. Farm to Fibre to Factory to Fashion to Foreign.
  • Eligibility: Minimum area of 1000 acres.
  • Objective: 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.
  • Aim: To strengthen the Indian textile industry by way of enabling scale of operations, reduce logistics cost by housing entire value chain at one location, attract investment, generate employment and augment export potential.
  • MITRA parks can be either Greenfield or Brownfield.

oGreenfield Sites: New independent sites will be developed under this category.

oBrownfield Sites: Sites with partly developed industrial trunk infrastructure and other intended facilities will be taken up for completing the development.

India’s Textile Industry

  • Global Textile Production: India holds the second position in textile production.

oChina is a global leader in textiles.

  • Exporting Textile Goods: India is also the world's second-largest textile exporter.
  • Employment Generation: Second-largest job provider, following agriculture.
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