Mega textile parks

• PM has recently said that the new Mega Textile Park at Dhar district in Madhya Pradesh will strengthen Make in India and will create new job opportunities for the youth.
• The Centre has selected sites in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh to set up new textile parks under the PM Mega Integrated Textile Regions and Apparel (PM MITRA) scheme.
• PM MITRA Park will be developed by a Special Purpose Vehicle which will be owned by the Central govt (49%) and State govt.(51%) and in a Public Private Partnership (PPP) Mode.
• It will offer the opportunity to create an Integrated Textiles Value Chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing etc. at one location and will reduce the logistics cost of the Industry.
• Each MITRA Park will have an incubation centre, common processing house and a common effluent treatment plant and other textile related facilities such as design centres and testing centres.

FUNDING

• The parks will be set up by 2026-27.
• The total outlay for the project is Rs 4,445 crore, though the initial allocation in the 2023-24 Budget is only Rs 200 crore.
• The Ministry of Textiles (nodal ministry) will disburse Development Capital Fund of ₹500 crore in two tranches for each of the seven facilities.
• A Competitive Incentive Support upto Rs 300 crore per park to the units in PM MITRA Park shall also be provided to incentivise speedy implementation.