City
Epaper

PM MITRA Park scheme: Way paved for Rs 18,500 crore investment in textiles sector

By IANS | Updated: March 11, 2025 15:06 IST

New Delhi, March 11 The government has signed or received investments to the tune of Rs 18,500 crore ...

Open in App

New Delhi, March 11 The government has signed or received investments to the tune of Rs 18,500 crore as part of the proposals that have been received under the PM MITRA Park scheme which aims to boost production, employment and exports in the textiles sector, the Lok Sabha was informed on Tuesday.

With a view to develop integrated large scale and modern industrial infrastructure facility for entire value-chain of the textile industry, the Centre has approved setting up of seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites with scheme outlay of Rs 4,445 crore for the period 2021-22 to 2027-28.

The government finalised seven sites -- Tamil Nadu (Virudhnagar), Telangana (Warangal), Gujarat (Navsari), Karnataka (Kalaburagi), Madhya Pradesh (Dhar), Uttar Pradesh (Lucknow) and Maharashtra (Amravati) -- for setting up PM MITRA Parks.

Once completed, it is expected that each PM MITRA Park will attract about Rs 10,000 crore investment and generate about 3 lakh (both direct and indirect) employment opportunities, Union Textiles Minister Giriraj Singh said in a written reply in the Parliament.

Other initiatives being implemented to promote growth and development of the textile sector include the Scheme for Integrated Textile Park (SITP), Integrated Processing Development Scheme (IPDS), Production Linked Incentive (PLI) Scheme, National Technical Textiles Mission (NTTM), SAMARTH – Scheme for Capacity Building in Textile Sector ATUFS, Silk Samagra-2, National Handloom Development Program (NHDP) and National Handicraft Development Program (NHDP), the minister said.

Besides, the government is administering the National Handloom Development Programme and Raw Material Supply Scheme to promote the handloom sector and for welfare and benefit of handloom workers across the country.

Under the schemes, financial assistance is provided to eligible handloom agencies/workers for raw materials, procurement of upgraded looms & accessories, solar lighting units, construction of work sheds, product diversification & design innovation, technical and common infrastructure, marketing of handloom products in domestic and overseas markets, concessional loans under weavers’ MUDRA scheme and various social security benefits, the minister added.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalTrump calls 'G2 meeting' with Chinese President Xi Jinping "great one"

International"Guns-a-blazing": Trump warns Nigeria of aid cut, threatens military action

Cricket"Harshit Rana's job is to get wickets": Madan Lal on youngster's role in Team India

EntertainmentMamata Banerjee wishes her ‘brother’ Shah Rukh Khan on milestone birthday

InternationalUS Joint Chiefs Chairman Dan Caine visits Israel, fiscusses Gaza situation with IDF Chief

Business Realted Stories

BusinessStrong GST collections belies absurd fear of large falls, states turn net gainers: SBI Research

BusinessCoal India’s production increased nearly 10-fold in 5 decades

BusinessUrban Company sees Rs 59.3 crore loss in Q2 due to investments in Insta Help

BusinessBengal: SMPK bags maritime excellence award during India Maritime Week

BusinessUS Visa Medical in Pakistan: How to Book Your Appointment Fast & Stress-Free