Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

India: Operational guidelines for PM MITRA scheme issued

  

Announced with an aim to strengthen Indian textile industry, the PM Mega Integrated Textile Region and Apparel (PM MITRA) scheme’s operational guidelines have been issued by the Ministry of Textiles. The scheme will enable the industry to scale up operations, reduce logistics cost by housing entire value chain at one location, attract investment, generate employment and augment export potential.

As a part of the scheme, the industry will set up large scale and modern industrial infrastructure facilities for entire value-chain. These parks will be located at sites having inherent strengths for textile industry to flourish and have necessary linkages to succeed. The scheme aims to leverage Public Private Partnership model for fast paced implementation in a time-bound manner.

PM MITRA Parks will be set up on the basis of proposals received from state governments having ready availability of contiguous and encumbrance-free land parcel of minimum 1,000 acre. The land asset will be used to leverage/attract investment in the PM MITRA parks for development and maintenance of the parks with high standard specifications. The scheme has a budget outlay of Rs 4,445 crore including administrative expenses of Rs 30 crore over 7-year period up to 2027-28.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo