Govt introduces selection process for MITRA Park

Govt introduces selection process for MITRA Park

The government said that, states having ready availability of contiguous and legal land parcel of 1000+ acres will be eligible to apply for the Prime Minister’s Mega Integrated Textile Region and Apparel (MITRA) parks.

India

The government
said that, states having ready availability of contiguous and legal land parcel
of 1000+ acres will be eligible to apply for the Prime Minister’s Mega
Integrated Textile Region and Apparel (MITRA) parks.

In a
notification, the textiles ministry said that manufacturing units will get an
incentive to setup early in the parks but only those companies would be
eligible who do not avail the benefits under the PLI scheme for textiles. As
per the notification, the selection of sites will happen on a challenge method
with parameters such as good connectivity, adequate quality power
infrastructure, water and waste water disposal system, Industry Friendly labour
laws, Single Window Clearances, Stable and Conducive industrial/textile policy
of the state.

A 2-stage
selection process has been put in place. Stage 1 is for preliminary selection
of potential sites offered by states wherein expenditure on constitution of
Special Purpose Vehicles, planning of the park, and selection of Master
Developer would be done. At Stage 2, sites will be ready for release of Grants
in Aid for the construction of the park. India plans to set up seven MITRA Parks in Greenfield/Brownfield sites in
partnership with the willing states with an outlay of Rs 44.45 crore from FY22
to FY28. The scheme is to develop integrated large scale and modern industrial
infrastructure facility for entire value-chain of the textile industry.

Source:
The Economic Times

Image Source: Google Images

Also
Read:

https://indiantextilejournal.com/latest-textile-industry-news/pm-mitra-parks-to-generate—6-bn-investments

https://indiantextilejournal.com/latest-textile-industry-news/problems-in-supply-chain-affecting-garment-exports

 

 

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