PM MITRA

PM MITRA

Context:

Recently, the Centre has approved the setting up of 7 new mega textile parks or Mega Integrated Textile Region and Apparel Parks (PM MITRA) (पीएम मित्र) parks across India. These will be set up to help to further the growth of the textile sector in the economy and position India strongly on the Global textiles map.

About 5F:

• The PM MITRA will be based on the 5F vision of the Hon’ble Prime Minister.
• The ‘5F’ Formula includes Farm to fibre; fibre to factory; factory to fashion; fashion to foreign.

Capital Support:

• Maximum Development Capital Support (DCS) of ₹  500 crores to all Greenfield PM MITRA and a maximum of ₹ 200 Crore to Brownfield PM MITRA (पीएम मित्र)  will be given for the development of Common Infrastructure (@30% of the Project Cost).
• ₹ 300 Crore of Competitiveness Incentive Support (CIS) will also be given to each PM MITRA (पीएम मित्र)  park for early establishment of textiles manufacturing units in PM MITRA (पीएम मित्र). State Government supports will include the provision of 1,000 Acre land for the development of a world-class industrial estate.