Park is being established at Bhainsola village in Dhar district under the PM MITRA scheme, equipped with world-class facilities to abundantly benefit cotton producers.
About PM Mega Integrated Textile Region and Apparel (MITRA) Scheme:
- Launch: By Ministry of Textiles in 2021.
- Aim: To develop integrated large scale and modern industrial infrastructure facilities for the entire value-chain of the textile industry.
- It is inspired by the 5F vision i.e., - Farm to Fibre to Factory to Fashion to Foreign.
- Time Period: 2021-22 to 2027-28
- Implementation Agency: Special Purpose Vehicle owned by the Centre and State Government.
- Funding:
- Ministry of Textiles will provide financial support in the form of Development Capital Support upto Rs. 500 crore per park to the Park SPV.
- A Competitive Incentive Support (CIS) upto Rs 300 crore per park to the units in PM MITRA Park shall also be provided to incentivise speedy implementation.
- PM MITRA Park: PM MITRA Parks at 7 sites viz. Tamil Nadu (Virudhnagar), Telangana (Warangal), Gujarat (Navasari), Karnataka (Kalaburagi), Madhya Pradesh (Dhar), Uttar Pradesh (Lucknow) and Maharashtra (Amravati) will be set up.
- Eligibility and Selection Criteria: Contiguous and encumbrance-free land parcel of at least 1000 acres, State Textile and industrial policy, etc.
- MITRA parks can be either Greenfield or Brownfield.
Potential Outcomes of PM MITRA Scheme:
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