The Central government on Wednesday approved setting up of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) parks with a total outlay of Rs 4,445 crores over 5 years. Giving further information, Union Minister Piyush Goyal said the move from the Centre has been inspired by the 5F vision of PM Modi – Farm to Fibre to Factory to Fashion to Foreign.
As per the announcement, the 7 Mega Integrated Textile Region and Apparel Parks (PM MITRA) will be setup at Greenfield / Brownfield sites located in different willing States.
He further informed that maximum Development Capital Support (DCS) of Rs 500 crore to all Greenfield PM MITRA and a maximum of Rs 200 Crore to Brownfield PM MITRA will be provided for development of Common Infrastructure (@30% of the Project Cost) and Rs 300 Crore of Competitiveness Incentive Support (CIS) will also be provided to each PM MITRA park for early establishment of textiles manufacturing units in PM MITRA.
