PM MITRA scheme

    0
    874

    In News

    • The Ministry of Textiles will shortly name the States identified for implementation of Prime Minister MITRA (Mega Integrated Textile Region and Apparel) scheme.

    About

    • States are identified through the challenge route and the PM MITRA parks will provide the best ecosystem for the textile industry to be collectively present in one location, with plug-and-play infrastructure, and improve the competitiveness of the textile value chain. 
    • The vision for 2030 is to achieve an economic value of $250 billion in production and $100 billion in export of textiles, apparel, and related products and this is achievable even though the industry faced a small setback in the current year.

    About PM MITRA

    • The PM MITRA scheme is Inspired by the 5F vision – Farm to Fibre to Factory to Fashion to Foreign. 
    • It aspires to fulfil the vision of building an Aatmanirbhar Bharat and to position India strongly on the Global textiles map.

    PM MITRA Parks

    • PM MITRA Parks offer an opportunity to create an integrated textiles value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at 1 location.
    • These parks are envisaged to be located at sites which have inherent strengths for the textile industry to flourish and have the necessary linkages to succeed. The scheme envisages to leverage the Public Private Partnership model for fast-paced implementation in a time-bound manner.
    • Integrated Textile Value chain at 1 location will reduce logistics cost of Industry.
    • Intended to generate ~1 lakh direct and 2 lakh indirect employment per park.
    • Sites for PM MITRA Parks will be selected by a Challenge Method based on objective criteria.

    TH