Union Cabinet approves setting up of 7 mega integrated textile region and apparel parks with Rs 4,445 cr outlay

The PM MITRA will be developed by a special purpose vehicle owned by state governments and the central government in PPP mode

The Union Cabinet on Wednesday approved the setting up of 7 Mega Integrated Textile Region and Apparel (PM MITRA) parks with a total outlay of Rs 4,445 crore in the next five years. The move will provide 7 lakh direct and 14 lakh indirect jobs.

PM MITRA parks were announced in the Union Budget for 2021-22.

Inspired by the '5F' formula -- Farm to fibre; fibre to factory; factory to fashion; fashion to foreign -- the integrated vision will help to further the growth of the textile sector in the economy.

Maximum Development Capital Support (DCS) of Rs 500 crore to all greenfield projects and a maximum of Rs 200 crore to brownfield will be provided for development of common infrastructure at 30 per cent of the project cost and Rs 300 crore of competitiveness incentive support (CIS) will also be provided to each PM MITRA park for early establishment of textiles manufacturing units.

The government support will include the provision of 1,000-acre land for the development of a world-class industrial estate.

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