India’s Ministry of Textiles announces plans for a large-scale textile park
1. The Ministry of Textiles of India announced the locations of seven prime ministerial-level large-scale textile parks (PM Mega Integrated Textile Regions and Apparel, PM MITRA for short). The selected locations are Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, Maharashtra and other states to realize Prime Minister Modi’s 5F vision, that is, from Farm to Fiber to Factory to Fashion to Foreign, to create India has become a global textile manufacturing and export center and is expected to attract 700 billion rupees (approximately US$8.5 billion) in investment and create 2 million jobs.
2. The PM MITRA program was launched by the Ministry of Textiles of India in 2022. A total of 18 proposals were received from 13 states. Each state was evaluated using objective standards and transparent methods. The proposed locations will also consider various factors, such as connectivity, industrial ecosystem, state textile development policies, infrastructure, public services and other conditions, and select 7 projects from them to achieve economies of scale and attract global manufacturers to come to India for manufacturing. Improve the competitiveness of the textile industry.
3. The subsequent implementation of the PM MITRA plan is overseen by the Indian Ministry of Textiles and 7 parks. Each park is managed by the central and state governments. The center will implement the central government’s budget of 5 billion rupees (approximately 60 million U.S. dollars) and allocate another 3 billion rupees (approximately 36 million U.S. dollars) in financial subsidies to developers and investors; the state government must provide 1,000 acres of land, and its conditions It includes stable supply of electricity and water, wastewater treatment system, single service window, plug-and-play facilities, training and R&D units, etc.
4. In order to promote the textile industry, India has allocated 61 subsidies worth 106.8 billion rupees (approximately US$1.44 billion) through the Production Linkage Subsidy Initiative (PLI) budget. However, the industry believes that the effect is limited and it is not yet possible to develop into a settlement. Therefore, the Indian Ministry of Textiles hopes to promote foreign direct investment and local enterprise investment in the textile industry by developing 7 large-scale textile parks to create a plug-and-play infrastructure. , reduce factory construction and logistics costs for manufacturers, and aim to develop a complete industrial cluster, including the textile value chain from spinning, weaving, processing, dyeing, printing, manufacturing, clothing design, etc.
AAA anti-UV fabric network FSGRETEGSDFW
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights, please contact us and we will change or delete it as soon as possible.
AA
