fbpx

PM MITRA Parks

  • IASbaba
  • October 7, 2021
  • 0
UPSC Articles
Print Friendly, PDF & Email

PM MITRA Parks

Part of: GS-Prelims and Mains GS-III: Indian Economy

In News: Government has approved setting up of 7 Mega Integrated Textile Region and Apparel (PM MITRA) Parks with a total outlay of Rs. 4,445 crore in a period of 5 years.

  • Will be developed by a Special Purpose Vehicle which will be owned by State Government and Government of India in a Public Private Partnership (PPP) Mode.
  • World-class industrial infrastructure would attract cutting age technology and boost FDI and local investment in the sector
  • Will offer an opportunity to create an integrated textiles value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at 1 location
  • Intended to generate ~1 lakh direct and 2 lakh indirect employment per park
  • The Park will have – 
    • Core Infrastructure: Incubation Centre & Plug & Play facility, Developed Factory Sites, Roads, Power, Water and Waste Water system, Common Processing House & CETP and other related facilities e.g. Design Centre, Testing Centres etc.
    • Support Infrastructure: Workers’ hostels & housing, logistics park,  warehousing, medical, training & skill development facilities

‘5F’ Formula encompasses – Farm to fibre; fibre to factory; factory to fashion; fashion to foreign

News Source: PIB

For a dedicated peer group, Motivation & Quick updates, Join our official telegram channel – https://t.me/IASbabaOfficialAccount

Search now.....