News : Recently, the Prime Minister of India inaugurated the PM MITRA Park at Warangal, Telangana.
PM MITRA Park:
Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) is a mega textile hub that brings every step of textile production, like spinning, weaving, dyeing, printing, and garment-making, into one single place.
MITRA parks can be either Greenfield or Brownfield.
The seven approved PM Mitra Parks are being set up in: Tamil Nadu (Virudhunagar), Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh (Lucknow district) and Maharashtra.
Nodal Ministry: Ministry of Textiles.
PM MITRA Park Features:
Integrated Value Chain: Each park brings spinning, garmenting, dyeing, and processing into a single zone, cutting transport time and costs.
World-Class Infrastructure: PM MITRA will develop 50% area for pure Manufacturing Activity, 20% area for utilities, and 10% of area for commercial development.
Public–Private Partnership: PM MITRA park will be developed by a Special Purpose Vehicle (SPV) which will be owned by the State Government and the Government of India in a Public-Private Partnership (PPP) Mode.
Capital and Incentives:
The Ministry of Textiles will provide financial assistance up to Rs 800 crores per park for Greenfield projects and up to Rs 500 crores per park for Brownfield projects.
The State Governments will provide land and augmented utility infrastructure for the proposed mega textile parks.
