It is being developed by the Maharashtra Industrial Development Corporation (MIDC) as the State Implementation Agency.
- It is one of the 7 PM MITRA Parks under the PM MITRA Park Scheme.
- Six other states covered under it include Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh and Uttar Pradesh.
About PM MITRA Park Scheme
- Notified by the Ministry of Textiles in 2021.
- It is inspired by the 5F vision i.e., - Farm to Fibre to Factory to Fashion to Foreign.
- Aim: To develop integrated large scale and modern industrial infrastructure facilities for the entire value-chain of the textile industry.
- Time Period: 2021-22 to 2027-28
- Implementation Agency: Special Purpose Vehicle owned by the Centre and State Government.
- Eligibility and Selection Criteria: Contiguous and encumbrance-free land parcel of at least 1000 acres, State Textile and industrial policy, etc.
- MITRA parks can be either Greenfield or Brownfield.
Potential Benefits of PM MITRA Parks Scheme
- Reducing logistics costs/Enhancing Competitiveness: as it will create an integrated value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at 1 location.
- Employment Generation: Each park is intended to create 1 lakh jobs directly and 2 lakh jobs indirectly.
- Achieving SDG Target: E.g., SDG 9 (“Build resilient infrastructure, promote sustainable industrialization and foster innovation”)
Other initiatives taken for textiles Industry
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