PM MITRA stands for Prime Minister Mega Integrated Textile Region and Apparel scheme. The project in Dhar is among seven such textile parks being set up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra states.
The proposed PM MITRA park in Bhainsola village in Dhar district of Madhya Pradesh will attract an investment of over $1.17 billion, Indian Textile Minister Giriraj Singh has said.
The Madhya Pradesh Industrial Development Corporation is the project’s master developer.
Keeping in view the Bangladesh crisis, the Indian garment industry is augmenting its capacity, Singh added.
The central government recently designated the Madhya Pradesh Industrial Development Corporation (MPIDC) as the master developer of the project.
These parks have secured approval with an allocation of ₹4,445 crore for a seven-year duration, extending until fiscal 2027-28.
India’s garment exports have surged by 35 per cent year on year (YoY) and textile exports by 11 per cent YoY in October-November this year, Singh was cited as saying by media reports from the state.
Keeping in view the crisis in Bangladesh, the Indian garment industry is augmenting its capacity, he added.
Fibre2Fashion News Desk (DS)