In Gujarat, the Prime Minister Mega Integrated Textile Regions and Apparel (PM MITRA) Park will be built in the Vansi-Borsi village of Navsari district post the signing of a memorandum of understanding (MoU) tomorrow between the Centre and the state. The MoU signing ceremony will take place in Surat.
Gujarat’s chief minister Bhupendra Patel and Indian minister of commerce and industry, consumer affairs, food and public distribution Piyush Goyal will attend the ceremony, the Gujarat government said in a press release.
The Gujarat Industrial Development Corporation (GIDC) will develop the PM MITRA Park in Navsari. The land for the same, spanning an area of 462 hectares, has been allocated to the GIDC by the state government, in accordance with the guidelines of the central government. The government of India will provide an assistance of 30 per cent, i.e. up to ₹500 crore from the total outlay of ₹1,500 crore for infrastructure development.
The Gujarat government, under the leadership of state chief minister Patel, is in the process of creating a Special Purpose Vehicle (SPV) for the construction of this park. The state government will have 51 per cent equity and the central government will have 49 per cent equity.
This park will also see the development of common facility centres such as material handling facilities, training and skill development centres, and testing centres which will increase the productivity of all segments in the sector. In addition, an integrated textile value chain such as spinning, weaving, processing, dyeing, printing, and garment manufacturing at one location will reduce the logistics cost of the industry.
The government of India has approved the establishment of 7 PM MITRA Parks for the textile industry in seven states namely Gujarat, Maharashtra, Tamil Nadu, Telangana, Karnataka, Madhya Pradesh, and Uttar Pradesh. These sites were chosen out of 18 proposals from 13 states.
PM MITRA Parks are intended to aid in the establishment of world-class industrial infrastructure to attract large-scale investment, including foreign direct investment (FDI). Many national and international players from the textile industry will establish their units in Gujarat. The state will get an estimated investment of ₹10,000 crore and generate 2-3 lakh direct and indirect employment opportunities in the textile and its allied sectors.
Inspired by the farm to fibre to factory to fashion to foreign (5F) vision of Prime Minister Narendra Modi, the PM MITRA Parks are a significant step forward in realising the government’s vision of making India a global hub for textile manufacturing and exports. These parks will enhance the competitiveness of the textiles industry by helping it achieve economies of scale as well as attract global manufacturing players to India.
The MoU signing ceremony will also be attended by Darshanaben Jardosh, Union minister of state, railways and textile; CR Patil, member of parliament, Navsari; Kanubhai Desai, minister of finance, energy, and petrochemicals, Gujarat; Balvantsinh Rajput, minister of industry, Gujarat; and Harshbhai Sanghavi, minister of state, home, and industry, Gujarat; and Mukeshbhai Patel, minister of state, forest, and environment, Gujarat, the release added.