MP Mega Textile Park To See Investment Of Rs 6,850 Cr: Piyush Goyal
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MP Mega Textile Park To See Investment Of Rs 6,850 Cr: Piyush Goyal

India's Footwear And Leather Industry A Major Foreign Exchange Earner

Minister of Textiles Piyush Goyal on Sunday said Mega Integrated Textile Region and Apparel (MITRA) Park in Madhya Pradesh could see an investment of about Rs 6,850 crore.

Speaking at the MITRA park launch, Goyal said other parts of the state may receive investment of Rs 8,675 crore.

Earlier, it was announced that the MITRA park would generate 50,000 direct and 1.50 lakh indirect employment.

The park is being set up on about 1,563 acres of land in Bhensola village of the Dhar district. The entire land parcel is under the possession of MPIDC (Madhya Pradesh Industrial Development Corporation). This site is located at a distance of 110 kilometre from Indore and 85 kilometre from Pithampur Industrial cluster. It is located at a distance of 50 kilometre from Ratlam and 50 km from Delhi  Mumbai expressway. Similarly, the distance from the nearest port, Hazira, is 452 kilometre.

Centre has plans to launch seven similar parks and has received 13 proposals. They will be spread over 1,000-acre with a total outlay of Rs 4,445 crore in five years.

Textile Ministry has inked memorandum of understanding (MoU) with Karnataka, Uttar Pradesh and Tamil Nadu. These MoUs have proposed investments worth Rs 5,000 crore have been proposed, taking the total proposed investments received in four such parks to around Rs 12,000 crore.

According to a PIB release, inspired by the 5F vision of the Prime Minister (i.e., Farm to Fibre to Factory to Fashion to Foreign), the PM MITRA Parks are a major step forward in realising the Government’s vision of making India a global hub for textile manufacturing and exports.

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