PM MITRA Parks for textile industry launched in Tamil Nadu.

India’s first PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks for the textile industry at E. Kumaralingapuram in Tamil Nadu’s Virudhunagar district was launched recently.

Tamil Nadu Chief Minister MK Stalin and Union Textiles Minister Piyush Goyal jointly launched the park with an MoU signed between the State and the Centre.

The park to come up at a cost of ₹2,000 crore in 1,052 acres will enable job creation for nearly two lakh people. It will have an integrated value chain; specialised manufacturing zones; social infrastructure; plug-and-play specialised facilities and commercial zones, and common amenities.

Across India, seven PM MITRA parks will be developed with a total outlay of ₹4,445 crore over a seven-year period up to 2027-28. This includes development capital support of up to ₹500 crore per park and competitive incentive support of up to ₹300 crore per park for units being built there, said a press release.

HBL