About PM MITRA Parks

• The Government of India is setting up 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.
• It would 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?

• The Government approved setting up of 7 (Seven) PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites with world class infrastructure including plug and play facility with an outlay of Rs. 4,445 cr.  
• 18 proposals from 13 States were received including one from Rajasthan. The Government has finalised 7 sites viz. Tamil Nadu (Virudhnagar), Telangana (Warangal), Gujarat (Navsari), Karnataka (Kalaburagi), Madhya Pradesh (Dhar), Uttar Pradesh (Lucknow) and Maharashtra (Amravati) for setting up PM MITRA Parks.
• So far, SPV has been incorporated in the states of Uttar Pradesh and Gujarat, while the process of SPV formation in the states of Madhya Pradesh and Tamil Nadu is at an advanced stage of incorporation. 

https://pib.gov.in/PressReleasePage.aspx?PRID=1988725