Mega textile parks notified
GS Paper - 3 (Economy)
The government has issued a notification for setting up seven mega textile parks under the PM-MITRA scheme at a total outlay of Rs 4,445 crore, with an intention to generate about one lakh direct and two lakh indirect jobs per park. The seven PM Mega Integrated Textile Region and Apparel (PM-MITRA) parks will be set up at greenfield (fresh)/ brownfield (existing) sites located in different willing states.
- The textiles ministry issued the notification to set up the seven PM-MITRA parks as announced in the Union Budget 2021-22 and approved by the central government.
- The parks will offer an opportunity to create an integrated textiles value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at a single location.
- For a greenfield PM-MITRA park, the GOI development capital support will be 30 percent of the project cost, with a cap of Rs 500 crore.
- For brownfield sites, after assessment, development capital support at 30 percent of project cost of balance infrastructure and other support facilities to be developed and restricted to a limit of Rs 200 crore.
- The state government supports will include provision of 1,000 Acre land for development of a world-class industrial estate.
- Several states such as Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh and Telangana have expressed interest.
- The park will be developed by a special purpose vehicle to be owned by the state government and the Government of India in a public-private partnership (PPP) mode.
- The master developer will not only develop the industrial park but also maintain it during the concession period. Selection of this master developer will happen based on objective criteria developed jointly by state and central governments.
- The SPV, in which a state government has majority ownership, will be entitled to receive part of the lease rental from developed industrial sites.