{"id":306978,"date":"2024-08-10T19:09:46","date_gmt":"2024-08-10T13:39:46","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=306978"},"modified":"2024-08-10T19:09:46","modified_gmt":"2024-08-10T13:39:46","slug":"pm-mitra-parks","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/pm-mitra-parks\/","title":{"rendered":"PM MITRA Parks"},"content":{"rendered":"

Source-<\/strong> This post on PM MITRA Parks\u00a0<\/strong>has been created based on the article \u201cPM Mitra Parks to ensure strengthening of local economy & textile ecosystem<\/a>\u201d published in \u201cPIB\u201d<\/strong> on 10 August 2024.<\/p>\n

Why in News?<\/h2>\n

The Government has approved the establishment of 7 PM MITRA Parks on Greenfield\/Brownfield sites with world-class infrastructure, including plug-and-play facilities up to 2027-28.<\/p>\n

About PM MITRA Parks<\/h2>\n\n\n\n\n\n\n
Aspects<\/strong><\/td>\nDescription<\/strong><\/td>\n<\/tr>\n
About<\/td>\nPM Mitra Parks aim to create world-class industrial infrastructure, attract large-scale investment, and encourage innovation and job creation within the sector.
\nA Special Purpose Vehicle (SPV) jointly owned by the Central and State Governments, will be established for each park.<\/td>\n<\/tr>\n
Nodal Ministry<\/td>\nThe Ministry of Textiles will serve as the nodal ministry for this project.<\/td>\n<\/tr>\n
Aim<\/td>\nThese parks aim to enhance the local economy and the textile ecosystem through significant infrastructure development and investment.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

1. The Government of India has approved the establishment of seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks across the country.<\/p>\n

2. The Government has approved the setup of 7 PM MITRA Parks.<\/p>\n

3. Locations: The parks will be established in Tamil Nadu (Virudhnagar), Telangana (Warangal), Gujarat (Navsari), Karnataka (Kalaburagi), Madhya Pradesh (Dhar), Uttar Pradesh (Lucknow), and Maharashtra (Amravati).<\/p>\n

4. The parks will be developed on both Greenfield and Brownfield sites, with world-class infrastructure, including plug-and-play facilities.<\/p>\n

5. SPVs have been incorporated for 5 Greenfield sites in Gujarat, Tamil Nadu, Karnataka, Madhya Pradesh, and Uttar Pradesh. For the Brownfield sites in Maharashtra and Telangana, existing implementation arrangements will continue as per guidelines.<\/p>\n

Investment and Economic Impact<\/h2>\n

i)\u00a0 Each park is expected to attract an investment of approximately Rs. 10,000 crores, including both foreign and domestic investments.<\/p>\n

ii) The investment is anticipated to boost the local economy and strengthen the textile ecosystem in these regions.<\/p>\n

UPSC Syllabus: Indian economy<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Source- This post on PM MITRA Parks\u00a0has been created based on the article \u201cPM Mitra Parks to ensure strengthening of local economy & textile ecosystem\u201d published in \u201cPIB\u201d on 10 August 2024. Why in News? The Government has approved the establishment of 7 PM MITRA Parks on Greenfield\/Brownfield sites with world-class infrastructure, including plug-and-play facilities… Continue reading PM MITRA Parks<\/span><\/a><\/p>\n","protected":false},"author":10366,"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],"tags":[11872,3590],"class_list":["post-306978","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","tag-9pm-daily-factly","tag-pib","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/306978","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\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=306978"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/306978\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=306978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=306978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=306978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}