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PM MITRA Park Virudhunagar: 190 Acres Allotted; ₹2,192 Crore Investment to Create 15,000 Jobs

Written by: Team Angel OneUpdated on: 4 Mar 2026, 7:28 pm IST
PM MITRA Park in Virudhnagar allocates 190 acres to 23 investors, unlocking ₹2,192 crore investment and creating 15,000 jobs.
PM MITRA Park Virudhunagar: 190 Acres Allotted; ₹2,192 Crore Investment to Create 15,000 Jobs
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The PM MITRA textile park in Virudhnagar, Tamil Nadu, has taken a significant step forward with a large land allotment to investors, paving the way for substantial investment and employment generation in the region’s textile sector, as per ANI report. 

Land Allotment and Investment Commitments 

The Board of Directors of PM MITRA Park Tamil Nadu Ltd. approved the allocation of 190.44 acres of industrial land to 23 investors, unlocking ₹2,192.21 crore in committed investments.  

These projects are expected to generate around 15,000 employment opportunities across multiple textile segments, including integrated manufacturing facilities, yarn production, fabric manufacturing, processing and finishing units, garment production and technical textiles. 

Board Meeting and Strategic Significance 

The decision was taken during the 9th Board meeting held on February 27, 2026, chaired by Neelam Shami Rao, Secretary of the Ministry of Textiles.  

Senior officials including Rohit Kansal, Additional Secretary in the ministry, Arun Roy Vijayakrishnan, Secretary of the Industries, Investment Promotion and Commerce Department of Tamil Nadu, and Senthil Raj Krishnan, Managing Director of SIPCOT, attended the meeting along with representatives from NICDC and the Ministry of Textiles.  

The board noted that strong investor participation reflects industry confidence in the park’s design, governance framework and long-term competitiveness. 

Infrastructure and Connectivity Advantages 

The PM MITRA Park at Virudhnagar is one of the seven mega textile parks planned under the national PM MITRA scheme.  

The project involves an investment of ₹1,894 crore and includes infrastructure such as a 15 MLD common effluent treatment plant with zero liquid discharge, a 20 MLD ZLD system, a 20 MW solar power plant, centralised steam boilers and nearly 13 lakh square feet of ready plug-and-play industrial units.  

Around ₹550 crore of infrastructure work is already underway around the site, which is strategically located on NH-44 and about 106 km from Tuticorin Port, offering strong logistics connectivity. 

Read More: Godrej Properties Share Price in Focus; Wins Bid for 5-Acre Land Parcel off EM Bypass, Kolkata! 

Conclusion 

The development of PM MITRA Park in Virudhnagar is expected to strengthen the integrated textile value chain in the region while boosting investment, manufacturing capacity and export competitiveness ahead of its targeted completion by December 2027. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Mar 4, 2026, 1:58 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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