Prime Minister Narendra Modi announced on Friday that ‘PM MITRA mega textile parks’ will be set up in Gujarat, Maharashtra, Tamil Nadu, Telangana, Karnataka, Madhya Pradesh and Uttar Pradesh, stating that they will attract massive investments and create lakhs of jobs.
”The PM MITRA mega textile parks will provide state-of-the-art infrastructure for the textiles sector, attracts investment of crores and create lakhs of jobs. It will be a great example of ‘Make in India’ and ‘Make For the World’,” Modi tweeted.
He added, ”PM MITRA mega textile parks will boost the textiles sector in line with the 5F (Farm to Fibre to Factory to Fashion to Foreign) vision. Glad to share that PM MITRA mega textile parks would be set up in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, MP and UP.”
The Ministry of Textiles said that Under Production -linked Incentive, investments of approximately 1,536 crores have been made in the textile industry.
Under Atmanirbhar’s plan, the Government initiated Production Linked Incentive (PLI) schemes in varied sectors to make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain and reduce dependency on imports.
For the textile industry, the government has launched the scheme with an approved financial outlay of Rs10,683 crore for textiles to achieve size and scale and to become competitive.
From January 1, 2022, to February 28, 2022, applications for the PLI scheme for textiles were received through the portal. A total of 67 applications were received, and the selection committee, chaired by Secretary (Textiles), chose 64 candidates.
Of them, 56 applicants have completed the compulsory criteria for the formation of a new company, and approval letters have been issued to them, the ministry said in a year-ender review of the Department.
The Government had accepted the setting up of 7 (seven) PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks to develop world-class infrastructure with an outlay of ₹ 4,445 crore for a period up to 2027-28.
“The guidelines in respect of the scheme have been published and there have been multiple interactions with State Governments for inviting proposals. In response 18 proposals from 13 States have been received,” the ministry said in the year-ender review.