MP to sign MoU with 15 cos for investment in PM Mitra Park – ET Retail

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Indore: Giving a big boost to textile sector, Madhya Pradesh Industrial Development Corporation (MPIDC) is contemplating to exchange memorandum of understanding (MoU) between state authorities and 15 industries on investment commitments in the PM Mega Integrated Textile Region and Apparel (PM MITRA) Park in Madhya Pradesh.

The Centre has announced plans to set up seven mega textile parks under the PM MITRA scheme in the country of which one will come up at Bhainsola village in Dhar district of Madhya Pradesh on more than 1,200 acre.

A MoU between the Centre and the state government for the mega textile park is expected to be signed in the last week of May, according to officials.

MPIDC Indore executive director Rohan Saxena said, “We are receiving enthusiastic response from industries willing to invest in the PM MITRA Park. Many garment and textile units have confirmed their presence and to seal the deal, we are planning to ink MoU with 15 industries on the day the state and the central governments will sign the MoU.”

The state government has started chalking out the development plan for the PM MITRA Park in consultation with industry and stakeholders.

Saxena said, “We plan to create a whole ecosystem for the textile and garment industry. The park will have all advanced facilities catering to the needs of the industry. The park will have residential apartments for workforce, common facility, logistics and commercial spaces among other facilities.”

As per the development plan, the proposed park will have plug and play facilities, training centre, logistics, commercial space, health services apart from basic and advanced industry requirements. Saxena said, “We are planning an overall development at the site.

We are also working on providing rail connectivity to the site.” PM MITRA Parks will come up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra. The Centre has approved PM MITRA Parks with an outlay of Rs 4,445 crore for a period of seven years upto 2027-28.

  • Published On May 9, 2023 at 12:39 PM IST

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