Government Approves Setting Up of 7 PM Mega Integrated Textile Region and Apparel Parks
| Aspect | Details |
|---|---|
| Approval | Government approved 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites, including Virudhanagar, Tamil Nadu. |
| Outlay | Rs. 4,445 crore allocated for a period up to 2027-28. |
| Employment Generation | Each park to generate 1 lakh direct and 2 lakh indirect employments. |
| Special Purpose Vehicle (SPV) | 'PM Mega Integrated Textile Regions and Apparel Park, Tamil Nadu Limited' incorporated with 51% stake by Tamil Nadu government and 49% by Central government. |
| Infrastructure Development | Environmental Clearance and layout approval completed. Water and power supply to the park gate in progress. |
| Memorandum of Understanding (MoU) | MoU worth Rs. 1,200 crore signed for investments in the park. |
| Scheme for Integrated Textile Park (SITP) | Implemented to boost investments, employment, and exports in the textile sector. Subsumed under Textile Cluster Development Scheme (TCDS) with Rs. 568.15 crore allocated for ongoing projects. |
| Textile Parks in Tamil Nadu | Details of 7 textile parks in Tamil Nadu provided, including project cost, government grants, employment, operational units, and park status. |