NEW DELHI: Prime Minister Narendra Modi introduced on Friday that ‘PM MITRA mega textile parks’ can be arrange in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh, and asserted that they are going to appeal to large investments and create lakhs of jobs. “The PM MITRA mega textile parks will provide state-of-the-art infrastructure for the textiles sector, attract investment of crores and create lakhs of jobs. It will be a great example of ‘Make in India’ and ‘Make For the World’,” Modi tweeted.
He added, “PM MITRA mega textile parks will boost the textiles sector in line with 5F (Farm to Fibre to Factory to Fashion to Foreign) vision. Glad to share that PM MITRA mega textile parks would be set up in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, MP and UP.”
In a Facebook put up, Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles Piyush Goyal mentioned these mega textile parks can be arrange with an outlay of Rs 4,445 crore and this might be the largest ever initiative for infrastructure on this sector.
These parks will create 20 lakh direct/oblique jobs and appeal to an estimated Rs 70,000 crore of home and international funding, he added.
Goyal additional mentioned they are going to be shining examples of sustainability, with zero liquid discharge, widespread effluent remedy, use of emission-free renewable power and adoption of world finest practices.
Meanwhile, in a sequence of tweets, Goyal additionally described the announcement by the Prime Minister as “India’s big leap towards becoming a global textiles hub”.
He mentioned this cluster-based strategy will improve the standard and competitiveness of merchandise, enhance exports and strengthen India’s place in world provide chains.
“It is an unmissable opportunity for investors, manufacturers, exporters and international buyers,” he mentioned.
The minister congratulated the folks of seven states who will “further fuel the Aatmanirbhar Bharat journey & make India a textiles hub”.
In his Facebook put up, Goyal mentioned India’s wealthy custom of textiles, which dates again to the traditional period, is poised for a quantum leap that may make India a worldwide funding, manufacturing and export hub.
He mentioned impressed by the Prime Minister’s 5F imaginative and prescient, PM MITRA park is a serious step ahead to attain the Aatmanirbhar Bharat and ‘Vocal for Local’ initiatives.
“It will revolutionize the sector and create global champions with the help of world-class facilities, state-of-the-art infrastructure and an integrated value chain at each location. A Master Developer (MD) will be selected who will be responsible for designing, planning, building, financing, operating and maintaining the PM MITRA Park,” he mentioned.
Goyal additional mentioned this can be a huge leap for the trade as the worth chain is at present scattered throughout the nation, which provides prices and delays in every hyperlink of the chain.
“Indian industry will become globally competitive as the parks will help scale up operations, cut costs, improve efficiency and supply high-quality textiles and apparels,” he mentioned.
PM MITRA parks had been chosen by a clear course of, which was validated by the modern PM GatiShakti National Infrastructure Master Plan, the minister mentioned.
It is one other instance of collaborative federalism as each the Centre and the states involved can be companions within the Special Purpose Vehicles (SPV) that may arrange and handle these parks, he added.
PM MITRA dovetails with the federal government’s initiatives to signal free commerce agreements, which open up developed markets for Indian textiles, apparels and several other different sectors. India has already signed commerce offers with the UAE and Australia, and is negotiating with Canada, the UK and the European Union.
These efforts, Goyal mentioned will assist Indian textiles get deeper entry to worthwhile developed markets.
India is already one of many largest exporters of textiles and attire on the planet, however the aspiration within the Amrit Kaal, because the nation marches to turn into a developed nation by 2047 underneath the decisive and visionary management of the Prime Minister, is to be the biggest exporter on the planet.
