PM MITRA TEXTILE PARK

Current Context: The Union Government approved a ₹1,894 crore (approx. US $221.25 million) funding package for the PM MITRA Park in Virudhunagar. The park is expected to be operational by September 2026.

About PM MITRA PARK – VIRUDHUNAGAR

• Site & Scale: 1,052‑acre Greenfield park in E. Kumaralingapuram, with world-class plug‑and‑play infrastructure.
• Investment & Employment: Projected to attract ₹10,000 crore, create ~1 lakh jobs, and support technical textile production.

ABOUT PM MITRA SCHEME

• Launch: Announced in Union Budget 2021–22; 7 mega integrated textile parks approved .
• Funding: ₹4,445 crore central funding (2021–28); includes Capital Development Support & Incentives Support .
• Objective : To strengthen the Indian textile industry by enabling scale of operations, reducing logistics costs, attracting investment, generating employment, and boosting export potential.
• Infrastructure: Equipped with plug‑and‑play units, common effluent treatment, housing, testing centres .
• Employment & Investment: Per park—~100,000 direct + 200,000 indirect jobs; aims to attract FDI, reduce logistics costs .