"PM MITRA mega textile parks will boost the textiles sector in line with the 5F (Farm to Fibre to Factory to Fashion to Foreign) vision," PM Modi said on Twitter. “I am pleased to inform you that PM MITRA mega textile parks will be established in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, MP, and UP."
"The PM MITRA mega textile parks will provide state-of-the-art infrastructure for the textiles sector, attract crores of investment, and create lakhs of jobs," he added. It will be an excellent example of "Make in India" and "Make for the World."
According to the Ministry of Textiles, investments totaling approximately 1,536 crore have been made in the textile industry under the Production-Linked Incentive. The government launched Production Linked Incentive (PLI) schemes in various sectors as part of its Atmanirbhar plan to make Indian manufacturers globally competitive, attract investments, boost exports, integrate India into the global supply chain, and reduce reliance on imports.
The government has launched a scheme for the textile industry with an approved financial outlay of Rs 10,683 crore to help textiles achieve size and scale and become competitive. From January 1, 2022 to February 28, 2022, applications for the PLI scheme for textiles were received through the portal.
A total of 67 applications were received, and the selection committee, chaired by Secretary (Textiles), chose 64 candidates. According to the ministry's year-end review of the Department, 56 applicants have completed the mandatory criteria for the formation of a new company and have received approval letters.
Furthermore, the government has approved the establishment of 7 (seven) PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks to develop world-class infrastructure with a total investment of 4,445 crore up to 2027-28.
"The scheme's guidelines have been published, and there have been numerous interactions with state governments to solicit proposals. In response, 18 proposals from 13 different countries have been received," according to the ministry's year-end review.
