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Source: The post is based on the article “Tamil Nadu, Karnataka, among 7 States to get textile parks” published in The Hindu on 18th March 2023
What is the News?
The Union Government has selected sites in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh to set up new textile parks under the PM Mega Integrated Textile Regions and Apparel(PM MITRA) scheme.
What is the PM MITRA Scheme?
Seven sites were chosen out of 18 proposals for PM MITRA parks which were received from 13 States.
Eligible States and sites were evaluated using a transparent Challenge Method based on objective criteria taking into account a variety of factors such as good connectivity, adequate quality power infrastructure, water and wastewater disposal system, Industry Friendly labour laws, Single Window Clearances, Stable and Conducive industrial/textile policy of the state.
Funding and execution of the project: The Ministry of Textiles will oversee the execution of the mega textile park projects.
A special purpose vehicle (SPV) owned by the Centre and State Government will be set up for setting up and operationalising each park.
State governments will be responsible for providing contiguous and encumbrance-free land parcels of at least 1000 acres of land. They will also facilitate the provision of all utilities, a reliable power supply and water availability and waste disposal system, and an effective single window clearance system.
How will the PM MITRA Scheme help the Textile Sector?
Since PM MITRA offers the opportunity to create an Integrated Textiles Value Chain at one location, it will reduce the logistics cost of the Industry and ensure economies of scale.
The parks will also attract cutting-edge technology and boost local & foreign investment in the textiles sector.
It will also help in achieving the United Nations Sustainable Development Goal (SDG) 9: “Build resilient infrastructure, promote sustainable industrialization and foster innovation”.
