{"id":249736,"date":"2023-06-27T18:46:15","date_gmt":"2023-06-27T13:16:15","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=249736"},"modified":"2023-06-27T18:46:15","modified_gmt":"2023-06-27T13:16:15","slug":"pm-mitra-parks-india-is-pioneering-sustainable-textiles-contributing-to-lesser-carbon-footprint-and-promoting-circular-economy-union-textile-minister","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/pm-mitra-parks-india-is-pioneering-sustainable-textiles-contributing-to-lesser-carbon-footprint-and-promoting-circular-economy-union-textile-minister\/","title":{"rendered":"PM MITRA Parks: India is pioneering sustainable textiles contributing to lesser carbon footprint and promoting circular economy: Union Textile Minister"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article<\/span><b> \u201c<\/b><b>India is pioneering sustainable textiles contributing to lesser carbon footprint and promoting circular economy: Union Textile Minister<\/b><b>\u201d <\/b><span style=\"font-weight: 400;\">published in<\/span><b> PIB on 26th June 2023<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Union Minister of Textiles has <\/span><span style=\"font-weight: 400;\">talked about the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Scheme at the inaugural function of the 69th India International Garment Fair (IIGF) at Greater Noida, Uttar Pradesh.<\/span><\/p>\n<h2><b>What is the PM MITRA Scheme?<\/b><\/h2>\n<p><a href=\"https:\/\/forumias.com\/blog\/mega-integrated-textile-region-and-apparel-pm-mitra-parks\/\"><b>Click Here to read<\/b><\/a><\/p>\n<h2><b>Where will the PM MITRA Parks be established?<\/b><\/h2>\n<p><a href=\"https:\/\/forumias.com\/blog\/pm-mitra-scheme-tamil-nadu-karnataka-among-7-states-to-get-textile-parks\/\"><b>Click Here to read<\/b><\/a><\/p>\n<h2><b>How will the PM MITRA Parks be established?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">MITRA Parks will be set up at key locations, as ready to move, ready to start (through plug and play facilities), with common industrial infrastructure and facilities, allowing integration of supply and value chains in a contiguous area.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The minimum estimated area per MITRA Park is<\/span><b> 1,000 acres.<\/b><\/p>\n<p><b>Governance: <\/b><span style=\"font-weight: 400;\">The <\/span><b>Ministry of Textiles<\/b><span style=\"font-weight: 400;\"> will oversee the execution of these parks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 A <\/span><b>Special Purpose Vehicle(SPV)<\/b><span style=\"font-weight: 400;\"> owned by Centre and State Government jointly will be set up for each park which will oversee the implementation of the project.<\/span><\/p>\n<p><b>Funding:<\/b><span style=\"font-weight: 400;\"> The Ministry of Textiles will provide financial support in the form of Development Capital Support upto Rs. 500 crore per park to the Park SPV.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 A Competitive Incentive Support (CIS) up to Rs 300 crore per park to the units in PM MITRA Park shall also be provided to incentivise speedy implementation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Convergence with other Government schemes shall also be facilitated in order to ensure additional incentives to the Master Developer and investor units.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cIndia is pioneering sustainable textiles contributing to lesser carbon footprint and promoting circular economy: Union Textile Minister\u201d published in PIB on 26th June 2023 What is the News? The Union Minister of Textiles has talked about the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA)&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/pm-mitra-parks-india-is-pioneering-sustainable-textiles-contributing-to-lesser-carbon-footprint-and-promoting-circular-economy-union-textile-minister\/\">Continue reading <span class=\"screen-reader-text\">PM MITRA Parks: India is pioneering sustainable textiles contributing to lesser carbon footprint and promoting circular economy: Union Textile Minister<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[3590],"class_list":["post-249736","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/249736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=249736"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/249736\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=249736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=249736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=249736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}