In news
To position India strongly on the Global textiles map, the Government has approved the setting up of 7 PM MITRA (पीएम मित्र) parks as announced in Union Budget for 2021-22.
Details
- PM MITRA (पीएम मित्र) is inspired by the 5F vision of Hon’ble Prime Minister.
- The '5F' Formula encompasses - Farm to fibre; fibre to factory; factory to fashion; fashion to foreign.
- This integrated vision will help furthering the growth of textile sector in the economy.
- No other competing nation has a complete textile ecosystem like us. India is strong in all five Fs.
- The 7 Mega Integrated Textile Region and Apparel Parks (PM MITRA) (पीएम मित्र) will be setup at Greenfield / Brownfield sites located in different willing States.
Key feature
- Core Infrastructure: Incubation Centre & Plug & Play facility, Developed Factory Sites, Roads, Power, Water and Waste Water system, Common Processing House & CETP and other related facilities e.g. Design Centre, Testing Centres etc.
- Support Infrastructure: Workers’ hostels & housing, logistics park, warehousing, medical, training & skill development facilities
PM MITRA (पीएम मित्र) will develop 50% Area for pure Manufacturing Activity, 20% area for utilities, and 10% of area for commercial development.
Significance
- Convergence with other Central Government and State Government Schemes is available as per their eligibility under the guidelines of those schemes.
- This will enhance the competitiveness of the textiles industry, by helping it in achieving economies of scale and will create huge job opportunities for millions of people.
- Leveraging Economies of Scale, the scheme will help Indian companies to emerge as Global Champions.
Source: PIB
