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    HomeHyderabadPrime Minister Modi unveils plans for a large-scale textile park in Telangana

    Prime Minister Modi unveils plans for a large-scale textile park in Telangana

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    On Friday, Prime Minister Narendra Modi announced a new mega textile park in Telangana as part of the ‘Atmanirbhar Bharat’ programme. The ‘Prime Minister Mega Integrated Textiles Region and Apparel Park’ (PM-Mitra) scheme aims to make India a world leader in textiles by setting up seven mega textile parks across the country. The scheme is based on the ‘5F’ principle of Farm to Fiber; Fiber to Factory; Factory to Fashion; Fashion to Foreign. The seven mega textile parks will be located in Telangana, Tamil Nadu, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh.

    The Union Minister of Tourism G Kishan Reddy thanked Modi for announcing the mega textile park in Telangana, stating that it would benefit the entire value chain of 5Fs, from farm to fiber to factory to fashion to foreign. Farmers and the weaving community in Telangana will benefit immensely, and the park will create thousands of jobs for youth and entrepreneurs.

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    Reddy had previously urged the PM and the Textile Minister Piyush Goyal to set up the mega textile park in Telangana. He had written to the Chief Minister on February 14, requesting him to submit a strong proposal to take advantage of the Union government scheme.

    The PM MITRA Scheme aims to strengthen the textile industry by enabling scale of operations, reducing logistics cost by housing the entire value chain at one location, attracting investments, generating employment and augmenting export potential. The scheme will develop an integrated large scale and modern industrial infrastructure facility for the total value-chain of the textile industry for spinning, weaving, processing, garment, textile manufacturing, processing and printing machinery industry.

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    The Government of India will provide Development Capital Support (DCS) in the form of grant-in-aid (capital) to the textile park in Telangana. The capital support will be used to build infrastructure such as internal roads, power distribution infrastructure, water and waste water treatment facilities, and development of plug and play infrastructure for textiles designers, apparel/accessories manufacturers, factory sites and incubation centers.

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    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
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