About 

• The Government has approved setting up of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks to boost the textiles sector. 
• The Parks will come up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra.

Significance

• PM MITRA would provide an opportunity to develop an integrated textiles value chain at one place, starting with spinning, weaving, processing/dyeing, printing, and garment manufacture.
• The core infrastructure of PM MITRA parks will include an incubation centre and plug-and-play facility, developed factory sites, roads, power, water, and waste-water systems, a typical processing house, a common effluent treatment plant (CETP), and other related facilities such as a design centre and testing centres. 
• It would also lead to the creation of 20 lakh jobs.
• The Central government’s budget outlay for the scheme, which is ₹4,445 crore, is to be spent till 2027-28.

Implementation

• Special purpose vehicles, with a 51% equity shareholding of the State government and 49% of the Centre, will be formed for each park. 
• The State governments will provide the land, be part of the SPV, and give the required clearances. 
• The Central government will disburse Development Capital Fund of ₹500 crore in two tranches for each of the seven facilities. This is for the creation of core and support infrastructure. 
• It will also give a Competitive Incentive Support of ₹300 crore per park to be provided to the manufacturing units. 

Why in News?

• Prime Minister Narendra Modi has lauded the foundation stone laying of 2 PM-MITRA mega textile parks in Maharashtra and Gujarat over the last few days. 

https://pib.gov.in/PressReleasePage.aspx?PRID=1939995