The Union government proposes to set up seven mega textile parks to boost the local textile industry and create employment opportunities. The long-term vision is to make India a global hub for textile manufacturing and exports. The parks will come up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, and Maharashtra.
According to Prime Minister, Narendra Modi, the seven mega textile parks to be set up under the PM MITRA mega textile parks scheme will boost the textiles sector in line with 5F (Farm to Fibre to Factory to Fashion to Foreign) vision.
The seven selected sites were chosen out of 18 proposals for PM MITRA parks received from 13 states. The eligibility of the states and sites was evaluated using transparent parameters and the final locations were selected based on factors like connectivity, existing ecosystem, state industrial policy, infrastructure, etc. PM Gati Shakti – the National Master Plan for Multi-modal Connectivity – was also used as one of the parameters for location finalisation.
An SPV owned by Centre and State Government will be set up for each park which will oversee the implementation of the project. The Ministry of Textiles will provide financial support in the form of Development Capital Support up to Rs 500 crore per park. Additionally, a Competitive Incentive Support (CIS) upto Rs 300 crore per park will also be paid to incentivise speedy implementation.
The scheme was announced in October 2021, and the seven parks are expected to be ready by 2026-27. The parks to be set up at a total cost of Rs 4,445 crore will provide top-notch infrastructure, plug-and-play features, and industry training and study facilities. The Union Textiles Ministry expects the parks to attract investments worth ₹70,000 crore, generate jobs for 20 lakh people and create an integrated value chain for the sector.