PM MITRA parks in UP

• Ministry of Textiles signed Memorandum of Understanding (MoU) of Integrated Textile Park in 1,000 acres in Lucknow and Hardoi districts of UP.
• The textile sector is one of the critical sectors of the Indian economy, accounting for more than 2% of the total GDP (Gross Domestic Product) and more than 12 % of the manufacturing sector GDP.
• The sector is the 2nd largest provider of employment in India, after agriculture.

About the PM MITRA

• PM Mega Integrated Textile Sector and Apparel (MITRA) scheme aims to develop integrated large scale and modern industrial infrastructure facilities for the entire value-chain of the textile industry.
• It is inspired by the 5F visione., – Farm to Fibre to Factory to Fashion to Foreign.
• Special Purpose Vehicle owned by Centre and State Government jointly to be set up for each park which will oversee the implementation of the project.
• The setting up the 7 PM MITRA Parks was announced in the Union Budget 2021-22.
• 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.
• Benefits
  • It reduces logistics cost by housing entire value chain at one location.
  • It will give an impetus to local weavers and a skilled workforce.
  • It will help in achieving the SDG 9 (“Build resilient infrastructure, promote sustainable industrialization and foster innovation”).
• Other initiatives for promotion of textiles Industry
  • Allowed 100% FDI in the sector under the automatic route.
  • National Technical Textiles Mission.
  • Production Linked Incentive (PLI) Scheme for Textile.
  • SAMARTH Scheme
  • Amended Technology Up-gradation Fund Scheme’ (A-TUFS).