A total of 11 MoUs between state authorities and companies were also exchanged on investment commitments in the PM MITRA project in Tamil Nadu.
The first PM MITRA (PM Mega Integrated Textile Regions and Apparel) park in the country is expected to be established in Virudhunagar district of Tamil Nadu and employ about 2 lakh people, whose MoU has been signed between the central and state governments. State here on Wednesday.
Marking the occasion, Prime Minister Narendra Modi said on his Twitter account, “Today is a very special day for my sisters and brothers in Tamil Nadu!” “The ambitious neighborhood of Virudhunagar will be home to a mega PM MITRA textile park. This will boost the local economy and prove beneficial to the youth of the state #PragatiKaPMMitra,” he said.
Giving a big boost to the textile sector, the PM MITRA parks, in total, would create huge job opportunities and around 20 lakh people would get a “new job” attracting around 70,000 crore of investment, it said here Union Textiles Minister Piyush Goyal.
The mega project would ensure the economic growth of southern Tamil Nadu, Chief Minister MP Stalin has said.
In his remarks, after the signing and exchange of the MoU between the state and central governments, Goyal said that the states chosen to host this mega project were selected based on a transparent process.
The MoU was exchanged between officials in the presence of Stalin, Ministers of State Thangam Thennarasu, KKSSR Ramachandran, R Gandhi and Union Ministers L Murugan and Darshana Vikram Jardosh, excluding Goyal. Giving an overview of the problems encountered within the textile value chain, Goyal said that various processes such as ginning, weaving, processing and shipping were carried out in separate locations which were far from each other, making the activity “inefficient and costly”.
Transporting the material also involved a high cost, he said.
Considering this, Prime Minister Narendra Modi came up with the “5F vision” of farm to fiber, fiber to factory, factory to fashion and fashion to overseas, by which the entire textile value chain could have all facilities in one place, the PM MITRA Integrated Textile Park, he said.
PM MITRA Park facilities in the state include plug-and-play infrastructure, effluent treatment plant and testing facilities.
Each of these parks is expected to create huge job opportunities, “expand our export competitiveness” and earn valuable foreign exchange, leading to an “Aatmanirbhar Bharat”, he added.
The minister said Modi has a special affection and desire to engage with the people of Tamil Nadu and “he talks to us all the time about the rich Tamil culture” which is recognized around the world.
The state is the center of India’s art, culture and music, as well as the nation’s pride in literature, he said, and highlighted initiatives such as the Kashi Tamil Sangamam and the Saurashtra Tamil Sangamam project helping to realize the concept. from “Ek Bharat Shresta Bharat.” In his speech, Stalin highlighted the enabling environment for state industries and stressed his government’s commitment to attracting more investment.
Talking about the Virudhunagar PM MITRA project, he said that infrastructure works worth an estimated Rs 2,000 crore which includes a central grant of Rs 500 crore will be resumed.
When completed, the textile park will provide employment opportunities for 2 lakh people and ensure the economic development of southern Tamil Nadu, he said.
A total of 11 MoUs between state authorities and companies were also exchanged on investment commitments in the PM MITRA project in Tamil Nadu.
The mega textile park is set to be constructed on a 1,052-acre site at E Kumaralingapuram in Virudhunagar district, close to the Chennai-Madurai-Kanyakumari National Highway (NH-44), and is well connected to the seaport of Thoothukudi and Madurai Airport. The proposed project site is owned by the State Industries Promotion Corporation (SIPCOT).
Speaking of Tamil Nadu’s close association with the textile sector, Modi added, “The PM MITRA Textile Mega Park will enable the state to have a greater share of the global market for synthetic fibers and technical textiles, thereby boosting India’s efforts to become a world leader. textile division. #PragatiKaPMMitra.”
A few days ago, the Center announced seven sites where the PM MITRA parks would be installed, in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra. The government has approved PM MITRA Parks in greenfield/brownfield sites with an expenditure of Rs 4,445 crore for a period of seven years till 2027-28.
The PM MITRA parks would help create world-class industrial infrastructure that would attract large-scale investment, including foreign direct investment (FDI), and encourage innovation and job creation in the textile sector. They mark a major step forward in realizing the government’s vision of making India a global hub for textile manufacturing and exports, the Union government has said.
“These parks are expected to improve the competitiveness of the textile industry by helping it achieve economies of scale and attract global players to manufacture in India.” The Union Textile Ministry issued a notification on October 21, 2021 for the establishment of the seven PM MITRA Parks as announced in the Union Budget for 2021-22.
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