The MITRA park is expected to generate substantial employment opportunities, with estimates suggesting 50,000 direct and 1.5 lakh indirect jobs.
In a significant development for India’s textile industry, Piyush Goyal, Union Textiles Minister, announced that the upcoming Mega Integrated Textile Region and Apparel (MITRA) Park in Madhya Pradesh’s Dhar district is poised to attract substantial investment.
Goyal stated at the launch event for the MITRA park that the project could witness an investment of approximately Rs 6,850 crore in the Dhar district alone. He also mentioned that other regions in the state may receive investments totalling Rs 8,675 crore.
The MITRA park, spanning 1,563 acre in Bhensola village, is expected to generate substantial employment opportunities, with estimates suggesting 50,000 direct and 1.5 lakh indirect jobs.
The strategic location of the site, within proximity to major industrial hubs and transportation networks, further enhances its appeal to investors.
The Central Government has ambitious plans to establish seven MITRA parks across the country and has received 13 proposals so far. These parks, each spanning over 1,000 acre, will collectively require a total outlay of Rs 4,445 crore over five years.
To streamline the process, the Textiles Ministry has signed Memorandums of Understanding (MoUs) with the states of Karnataka, Uttar Pradesh, and Tamil Nadu, proposing investments worth Rs 5,000 crore. This brings the total proposed investments across four MITRA parks to approximately Rs 12,000 crore.
According to an official release, the PM MITRA Parks are a pivotal step towards realizing the government’s vision of transforming India into a global hub for textile manufacturing and exports.
Inspired by the Prime Minister’s ‘5F’ vision – Farm to Fibre to Factory to Fashion to Foreign – these parks aim to bolster the nation’s textile sector and strengthen its position in the global market.