PM MITRA Parks Project to Cost ₹13,040 Crore; Investment MoUs Cross ₹27,000 Crore

The PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks project involves the development of seven textile parks with a combined estimated cost of ₹13,040 crore, as per news reports.  

The scheme is being implemented by the Ministry of Textiles to create large industrial zones for textile manufacturing. Investment memoranda signed so far indicate an expected investment potential of over ₹27,434 crore. 

The PM MITRA Scheme has a budgetary allocation of ₹4,445 crore for the period from 2021-22 to 2027-28. 

Locations and Cost Estimates 

The 7 parks are planned in Virudhnagar (Tamil Nadu), Warangal (Telangana), Navsari (Gujarat), Kalaburagi (Karnataka), Dhar (Madhya Pradesh), Lucknow (Uttar Pradesh), and Amravati (Maharashtra).  

Among these, the estimated project cost for the Madhya Pradesh park stands at ₹2,063 crore. The Tamil Nadu park is estimated to cost ₹1,894 crore. 

The remaining parks have varying cost structures based on land size and infrastructure requirements. 

Land Acquisition and Infrastructure 

All 7 state governments have completed land acquisition for the PM MITRA Parks. The entire land required for the projects has been handed over to the respective special purpose vehicles formed for implementation. 

Following site approvals, infrastructure works worth ₹2,590.99 crore have been initiated to provide road connectivity, power supply, and water facilities up to the park gates. These works are being carried out by the state governments. 

External Works and Spending 

External infrastructure projects amounting to ₹1,861.24 crore have been approved across the seven parks. These include access roads, electricity connections, and water supply arrangements up to the park boundaries. 

As of the latest data, ₹564.72 crore has been spent on these external infrastructure works. 

Planning and Approvals 

Detailed project reports with a combined value of ₹7,024 crore have been approved for PM MITRA Parks in Madhya Pradesh, Tamil Nadu, Telangana, and Maharashtra. These reports cover internal infrastructure, common facilities, and utility planning. 

The parks are planned to house units across spinning, weaving, processing, printing, garment manufacturing, and accessories production. 

Read More: Maharashtra Govt Waives Stamp Duty for Farm and Crop Loans Up to ₹2 Lakh! 

Conclusion 

With land acquisition completed, infrastructure works in progress, and project reports approved for several locations, the PM MITRA Parks project has moved into the execution phase across all seven identified states. 

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