Stalin pitches for Sipcot to handle PM Mitra – ET Retail

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Madurai: After Prime Minister Narendra Modi announced that PM Mitra (PM Mega Integrated Textile Region and Apparels Parks Scheme) Park will be set up at Virudhunagar, chief minister M K Stalin has written to the Prime Minister and Union minister for industries and commerce Piyush Goyal to allow Sipcot to implement the project.

Under PM Mitra scheme, the textiles ministry had issued a notification setting up seven Mega Integrated Textile Region and Apparel parks with an outlay of Rs 4,445 crore. These PM Mitra Parks will have world-class industrial infrastructure which would attract cutting age technology and boost FDI and local investment in the textiles sector, according to the Union Government.

The CM said the State Industries Promotion Corporation of Tamil Nadu (Sipcot), the agency responsible for the development of industrial land and infrastructure in the state, has the proven capacity to establish large industrial parks and is currently operating 28 industrial parks with 38,522 acres with 2,890 companies and 3,94,785 employees in the State. Most industries investing in Tamil Nadu also prefer to locate in industrial parks developed by Sipcot as those developed by private developers have had limited success.

Hence he requested the Centre to permit Sipcot to be the master developer of the PM MITRA Park in Tamil Nadu as it already has the land in its ownership too.

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