News– The government has approved the setting up of 7 PM MITRA(Mega Integrated Textile Region and Apparel) textiles parks, following the “Union Budget for 2021-22″ commitments, with a total outlay of Rs. 4,445 crores in a period of 5 years.
About “PM-MITRA” Scheme:
It is inspired by the 5F vision of PM –Farm to Fibre to Factory to Fashion to Foreign to realize the dream of building an Aatmanirbhar Bharat by positioning India strongly on the Global textiles map.
It is inline with the SDG-Goal 9: “Build resilient infrastructure, promote sustainable industrialization and foster innovation”
Aim: The scheme aims to create a world-class industrial infrastructure that would attract cutting-edge technology and boost FDI and local investment in the sector.
Nodal point– Ministry of Textiles.
Sites for the scheme will be selected by a Challenge Method, based on objective criteria for Greenfield / Brownfield sites.
- The Centre is receiving proposals from states for the ready availability of contiguous and encumbrance-free land parcels of 1,000+ acres along with other textiles related facilities & ecosystems.
Supports:
- Competitiveness Incentive Support (CIS)– The government will provide a fund of ₹ 300 Crore to ‘investors’ setting up production facilities to incentivize manufacturing units to get established.
- For a Greenfield Park ‘developer’, the centre will provide 30% of Capital Support from the Project Cost, with a cap of ₹ 500 Cr.
- For a Brownfield sites ‘developer’, the centre will provide 30% of Capital Support from the Project Cost, with a cap of ₹ 200 Cr.
- The developer will get a 25-year lease of the park, and this could be extended by another 25 years.
Special Purpose Vehicle: PM MITRA park will be developed by a Special Purpose Vehicle which will be owned by the State Government and Government of India in a Public-Private Partnership (PPP) Mode.
- The Master Developer will develop and also maintain the park during the concession period.
Infrastructures:
- Core Infrastructure: Incubation Centre & Plug & Play facility, Developed Factory Sites, Roads, Power, Water and Waste Water system, Common Processing House and other related facilities e.g., Design Centre, Testing Centres etc.
- Support Infrastructure: Workers’ hostels & housing, logistics park, warehousing, medical, training & skill development facilities.
