Union Textiles Minister Shri Piyush Goyal commended the industry for its enthusiasm in setting up and expanding businesses in the upcoming Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Parks. Chairing the Industry Interaction on ‘Investment Opportunities in the Textiles Industry under PM MITRA Scheme’ in New Delhi, the Minister strongly urged the industry to collaborate and partner for Research and Development (R&D) and innovation to achieve greater strides in the sector.
Shri Goyal praised the exemplary initiatives taken by the seven State Governments, namely, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Telangana, Tamil Nadu and Uttar Pradesh, in providing a thriving ecosystem for textile manufacturing. The Minister further encouraged the industry to take advantage of the existing attractive schemes of the Ministry of Textiles, including the National Technical Textiles Mission and Scheme for Capacity Building in the Textile Sector (Samarth).
The Minister also suggested setting up a dedicated Invest India desk in the Ministry of Textiles to assist and support investors looking to establish or expand their manufacturing base to meet the increasing global demand in the sector. Shri Piyush Goyal released a PM MITRA Brochure prepared by the Textile Team of Invest India during the event.
Ms. Rachna Shah, Secretary of the Ministry of Textiles, and senior officials from the Ministry and the State Governments of the seven shortlisted States under the PM MITRA Scheme held wide-ranging discussions with the industry. During the first session chaired by Secretary Ms. Rachna Shah, senior government officials from each selected State showcased the strengths of their respective states in the textile sector, with a special focus on infrastructure and connectivity, scheme benefits and incentives, basic utilities provided, and initiatives for an industry-friendly ecosystem to attract investments in the upcoming PM MITRA parks.
This session was followed by an exclusive industry interaction session chaired by Shri Goyal, with the participation of senior leadership from over 80 prominent textile companies, as well as infrastructure developers, banks, and international organizations such as the United Nations Industrial Development Organization (UNIDO).
The industry interaction revolved around the themes of sustainability, the introduction of R&D centers, ensuring that upcoming factories in the PM MITRA parks are ESG (environmental, social, and governance) compliant, and manufacturing value-added products. The Minister emphasized the need for phased development of these parks to efficiently utilize resources and better integrate the textile value chain. It was suggested that two five-member Action Teams be set up to study ESG norms and model park design in line with global leading practices for upcoming units in the PM MITRA parks.
The session provided a unique platform for the Ministry of Textiles, Government of India, and the seven selected State Governments to collaborate with the industry on various aspects related to the PM MITRA scheme and pave the future roadmap for this scheme.
Inspired by the 5F vision (Farm to fiber; fiber to factory; factory to fashion; fashion to foreign) of Prime Minister Shri Narendra Modi, aiming to build an Aatmanirbhar Bharat and position India strongly on the global textiles map, the scheme for setting up seven PM MITRA Parks was announced in the Union Budget for 2021-22. The PM MITRA scheme will offer the opportunity to create an Integrated Textiles Value Chain right from spinning, weaving, processing/dyeing, and printing to garment manufacturing at one location, thereby reducing the logistics cost for the industry. The scheme is expected to attract investments, boost employment generation, and position India strongly in the global textile market. Each park, spread over 1000 acres, is expected to generate around 1 lakh direct and 2 lakh indirect employment opportunities, with proposed investments of around ₹70,000 crores. These parks are envisioned to be located at sites that have inherent strengths for the textile industry to flourish and have necessary linkages to succeed.
The PM MITRA Parks will be developed in Public-Private Partnership mode through a Special Purpose Vehicle jointly owned by the Central and State Governments. The Central Government will provide development capital assistance of Rs. 500 crores to each Greenfield PM MITRA Park for the development of common basic infrastructure, in addition to Rs. 300 crores per park as an incentive for investors on a first-come, first-serve basis.
