Government Approves Setting Up of 7 PM MITRA Parks
The Indian government has approved the setting up of seven PM Mega Integrated Textile Region and Apparel (PM MITRA) parks, aimed at strengthening the local economy and textile ecosystem.
Fri, 09 Aug 2024
In a significant move, the Government has approved the setting up of seven PM Mega Integrated Textile Region and Apparel (PM MITRA) parks in greenfield/brownfield sites. The PM MITRA parks will be equipped with world-class infrastructure, including plug-and-play facilities, with an outlay of Rs. 4,445 crores for a period of seven years, till 2027-28.
The government has finalized seven locations for the setting up of these parks. These include Virudhnagar in Tamil Nadu, Warangal in Telangana, Navsari in Gujarat, Kalaburagi in Karnataka, Dhar in Madhya Pradesh, Lucknow in Uttar Pradesh, and Amravati in Maharashtra.
PM Mitra Parks to ensure strengthening of local economy & textile ecosystem
— PIB India (@PIB_India) August 9, 2024
The Government has 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… pic.twitter.com/J8TRaIBdoi
The PM MITRA parks aim to strengthen the local economy and textile ecosystem by providing a conducive environment for textile and apparel industries to flourish. The parks will be equipped with state-of-the-art facilities, including testing labs, training centers, and design studios, among others.
The announcement is expected to have a significant impact on the textile and apparel industry in India, creating new job opportunities and driving economic growth in the regions where the PM MITRA parks are set up. With an investment of Rs. 4,445 crores, the government's initiative is likely to give a boost to the country's textile sector.
Published by Chronicles Of India. Scroll down to read more
