Prime Minister Narendra Modi on Friday introduced that PM MITRA mega textile parks could be arrange in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh.
Taking to Twitter, PM Modi mentioned, ”PM MITRA mega textile parks will increase the textiles sector according to 5F (Farm to Fibre to Manufacturing unit to Style to Overseas) imaginative and prescient. Glad to share that PM MITRA mega textile parks could be arrange in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, MP and UP.”
He added, ”The PM MITRA mega textile parks will present state-of-the-art infrastructure for the textiles sector, attracts funding of crores and create lakhs of jobs. It will likely be an amazing instance of ‘Make in India’ and ‘Make For the World’.”
Investments to the tune of about Rs 1,536 crore have been made to date within the textiles business below the Manufacturing-Linked Incentive, mentioned the Ministry of Textiles.
As a part of its Atmanirbhar plan, the Authorities launched Manufacturing Linked Incentive (PLI) schemes in various sectors to make Indian producers globally aggressive, appeal to investments, improve exports, combine India into the worldwide provide chain and cut back dependency on imports.
For the textile business, the federal government has launched the scheme with an permitted monetary outlay of Rs10,683 crore for textiles to realize dimension and scale and to change into aggressive.
Purposes below the PLI scheme for textiles had been acquired via the portal from January 1, 2022, to February 28, 2022.
A complete of 67 purposes have been acquired and the choice committee chaired by Secretary (Textiles) has chosen 64 candidates.
Of them, 56 candidates have accomplished the necessary standards for the formation of a brand new firm, and approval letters have been issued to them, the ministry mentioned in a year-ender evaluate of the Division.
Additional, the Authorities had permitted the organising of seven (seven) PM Mega Built-in Textile Area and Attire (PM MITRA) Parks to develop world-class infrastructure with an outlay of Rs 4,445 crore for a interval as much as 2027-28.
“The rules in respect of the scheme have been printed and there have been a number of interactions with State Governments for inviting proposals. In response 18 proposals from 13 States have been acquired,” the ministry mentioned within the year-ender evaluate.
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