PM MITRA Parks
About
- The PM MITRA Scheme, announced in 2021, aims to develop large scale and integrated textile parks to help the Indian textiles industry to build scale, reduce logistics costs and improve its competitiveness.
- Nodal Ministry: Ministry of Textiles.
- Anchored in the 5F vision (Farm to Fibre to Factory to Fashion to Foreign), the scheme aims to facilitate India’s textile industry to achieve global size and scale along with the creation of a modern and integrated textile value chain at one location covering the entire value chain.
- Under this scheme, the Government has approved 7 sites for setting up of PM MITRA Parks, one each in Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh and Gujarat.
- The scheme envisages a Development Capital Support (DCS) of 30% of the total project cost upto Rs. 500 crore for Greenfield Park and Rs. 200 crore for Brownfield Park.
- The scheme also envisages a Competitive Incentive Support (CIS) of upto Rs. 300 crore per park as an incentive to manufacturing units to set up early in the park.
- The scheme aims to create nearly 20 lakh direct and indirect jobs.