Prime Minister Mega Integrated Textile Regions and Apparel Scheme
Read in:AI translation — may contain inaccuracies
Why in the news? Prime Minister Narendra Modi inaugurated the Mega Textile Park (Brownfield Park) in Warangal, Telangana.
It is the first operational park in the country.
Objective: To foster a robust national ecosystem for textile infrastructure .
To develop a complete textile value chain from spinning to garmenting using modern infrastructure and facilities.
Approach: The "5F" approach (Farm → Fiber → Factory → Fashion → Foreign) aims to integrate and expand the textile industry ecosystem.
Financial Outlay: Total ₹4,445 crore.
Implementation Period: 2021-22 to 2027-28 (seven years).
Type: Centrally Sponsored Scheme
Capital Assistance
Greenfield Parks: The maximum limit of support per park will be ₹500 crore.
Brownfield Parks: Support up to ₹200 crore will be provided for the remaining infrastructure development.
Nodal Ministry: Ministry of Textiles.
Implementation Framework: Each PM MITRA Park will be developed through a Special Purpose Vehicle (SPV). The SPV is a joint venture with a 51% share for the State Government and a 49% share for the Central Government.
Development Model: The project will be primarily operated on a Public-Private Partnership (PPP) mode.
In March 2023, the establishment of seven PM MITRA Parks was approved.