PM Mitra Scheme: Many big decisions were taken in the cabinet meeting chaired by Prime Minister Narendra Modi. Union Minister Piyush Goyal told about the decisions of the cabinet that the PM-Mitra scheme has been approved in the meeting. About Rs, 4,445 crores will be spent on this scheme.
Under the PM-Mitra Yojana (Mega Integrated Textile Region and Apparel), 7 textile parks will be built in the country and about 21 lakh people will get direct and indirect employment from these textile parks. Governments of Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh, and Telangana have shown interest in developing Mitra-Park.
Piyush Goyal said that there was talk of capturing 5-F for a stronghold in the field of economy.5-F means fiber to farm, fiber to the factory, factory to fashion, and fashion to foreign. All these links together strengthen the value chain, but now they are all different.
He said that cotton is grown in Gujarat and Maharashtra, from there it goes to Tamil Nadu, where spinning takes place. Goes to Rajasthan and Gujarat for processing. The garments are made in Delhi-NCR, Bengaluru, Kolkata and have to go to Mumbai and Kandla for export. All this can now be done in an integrated manner.
Piyush Goyal said that it has been decided to create an integrated textile value chain under the PM Mitra scheme. For this, Rs 4445 crore will be spent in the next 5 years. Under this, 7 textile parks will be set up across the country.
The Union Minister said that 7 lakh people will get direct employment and 14 lakh people will get indirect employment due to this step of the government. He told that talks are being held with the states for textile parks. These parks will be set up in the state which will provide cheap land, water, and labor easily. Along with this, it will also be seen that there should be a demand for textiles.
Piyush Goyal said that the estimated cost of setting up 7 parks will be Rs 1700 crore.The units which will make a big investment, in the beginning, will also be provided help on first come first serve basis.A unit of up to Rs 30 crore can be given by the government in 3 years.
He said that the textile park will be built in greenfield or brownfield places located in different states.500 crore will be provided to develop all green field parks.While an amount of Rs 200 crore will be allocated for the development of brownfield park.