The Union budget for 2021-22 into accused the PM MITRA (Mega Integrated Textile Region and Apparel) scheme, which is inspired by the 5F Vision: Farm to Fibre to Factory to Fashion to Foreign.
The PM MITRA scheme’s integrated approach is expected to contribute to the growth of the textile sector in the Indian economy.
To implement this scheme, the 7 PM MITRA Parks will be established at Greenfield or Brownfield sites in different states that express interest in the project.
A PM MITRA (Mega Integrated Textile Region and Apparel) Park is a special industrial zone focused on developing the Indian textile sector by creating an integrated textile value chain that spans from farming to fashion.
Objectives of PM MITRA Parks: The primary objective of setting up these parks is to support India in achieving the United Nations Sustainable Development Goal 9, which focuses on establishing durable infrastructure, promoting sustainable industrialisation, and fostering innovation.
The purpose of establishing these parks is to boost the Indian textile industry by providing world class industrial infrastructure, attracting cutting edge technology, and increasing both foreign and local investments in the sector.
Each park is intended to create 1,00,000 direct jobs in 2,00,000 indirect jobs, providing significant boost to employment in the region.
The establishment of these parks is likely to provide an opportunity to develop an integrated textiles value chain like covers, spinning, weaving, processing/dyeing, printing and garment manufacturing all in one location. Because of this, the logistics costs for the industry will be reduced.
The Indian Government has recently revealed plans to establish seven of these parks in different states including Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh.
These parks represent a unique model where the Centre and State Governments will work together to increase investment, promote innovation, create job opportunities and ultimately make India a global hub for textile manufacturing and exports.
Nearly Rs. 70,000 crores investment and 20 lakhs employment generation is envisaged through these parks.
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