Odisha

PM MITRA: Centre Approves 7 Mega Textile & Apparel Parks; Odisha Evinces Interest

New Delhi/Bhubaneswar: In order to position India on the global textiles map, the Centre on Wednesday approved 7 Prime Minister’s Mega Integrated Textile Region and Apparel (PM MITRA) parks. Several states including Odisha have evinced interest in setting up the park.

The PM MITRA parks will be set up with a total outlay of Rs 4,445 crore over a period of 5 years. The mega textile and apparel parks will come up at Greenfield/Brownfield sites in different states. The states having ready availability of more than 1,000 acre land and textiles related facilities will be considered.

The Centre will extend Maximum Development Capital Support (DCS) of Rs 500 crore to Greenfield PM MITRA and Rs 200 crore to Brownfield PM MITRA for development of infrastructure. Besides, Rs 300 crore of Competitiveness Incentive Support (CIS) will be provided to each park for early establishment of textiles manufacturing units.

For a Greenfield PM MITRA park, the Centre’s DCS will be 30% of the project cost, with a cap of Rs 500 crore for Brownfield sites. The Centre will also provide a fund of ₹ 300 crore for each each park to incentivise manufacturing units to get established.

The MITRA parks will have following:

  • 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

The parks will be developed by a Special Purpose Vehicle which will be owned by state government and the Centre in a Public Private Partnership (PPP) mode.

OB Bureau
Share
Published by
OB Bureau

Recent Posts

Champions Trophy: Virat Kohli (100*) Masterclass Floors Pakistan; Check Milestones He Conquered

Dubai: ODI cricket, Pakistan – they bring out the best in Virat Kohli. The Dubai… Read More

4 hours ago

3 Arrested For Looting Govt Official By Using Toy Gun In Odisha

Cuttack: Three criminals were arrested by Choudwar police in Odisha’s Cuttack district for allegedly looting… Read More

4 hours ago

ISL: 10-Man Odisha FC Go Down 0-1 To Toppers Mohun Bagan Via Injury-Time Goal

Kolkata: Odisha FC fought gallantly in the lion’s den but finally returned empty-handed. Up against league… Read More

5 hours ago

Caught Using AI To Solve Maths Problem, Class X Board Exam Candidate Loses A Year!

Kolkata: A West Bengal secondary board exam (Madhyamik) candidate recently took Artificial Intelligence (AI) to… Read More

5 hours ago

4th Batch Of Illegal Immigrants Back: 12 Indians Deported From US To Panama Arrive At Delhi’s IGI Airport

New Delhi: A fourth batch of Indian nationals deported from the US arrived at Indira… Read More

5 hours ago

Record 6.82 Lakh Olive Ridley Turtles Visit Odisha’s Rushikulya River Mouth For Mass Nesting

Berhampur: Rushikulya river mouth in Odisha’s Ganjam district has emerged as a major rookery for… Read More

6 hours ago