In a Press Release issued today, Shri. Raja M. Shanmugham, President welcomed the Central Government announcement on approval for setting up of 7 Mega Integrated Textile Region and Apparel (PM Mitra) Parks with Plug & Play facility including core and supporting infrastructure, a major requirement for the apparel units to setup in the park.
While noting the 5F vision of the Hon’ble Prime Minister Farm to Fibre; Fibre to Factory; Factory to Fashion; Fashion to Foreign, Shri. Raja M. Shanmugham said Tirupur Knitwear Exports Cluster has already possessing the Textile eco system Fibre, Factory, Fashion and Foreign except Farm and fulfilling the Hon’ble Prime Minister vision.
Shri. Raja M. Shanmugham welcomed the Maximum Development Capital Support (DCS) of Rs. 500 cr to all Greenfield PM MITRA and a maximum of Rs. 200 Crore to Brownfield PM MITRA will be provided for development of Common Infrastructure (@ 30% of the Project Cost). He also welcomed the Rs. 300 Crore of Competitiveness Incentive Support (CIS) earmarked to each PM MITRA.
According to Shri. Raja M. Shanmugham, 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.
The 7 Mega Integrated Textile Region and Apparel Parks (PM MITRA) ( ) will be setup at Greenfield/Brownfield sites located in different willing States. Proposals of State Governments having ready availability of contiguous and encumbrance-free land parcel of 1,000+ acres along with other textiles related facilities &ecosystem are welcome.