Fashion
PM MITRA Park inaugurated at Warangal in India’s Telangana state
Developed at an investment of ₹16.95 billion (~$178 million), it is the country’s first functional PM MITRA Park and operationalises the government’s 5F vision—farm to fibre to factory to fashion to foreign.
Indian PM Narendra Modi inaugurated the PM MITRA Park at Warangal in Telangana yesterday.
Developed at an investment of $178 million, it is the first functional PM MITRA Park and operationalises the government’s 5F vision—farm to fibre to factory to fashion to foreign.
Strategically located near the proposed Nagpur-Vijayawada Greenfield Expressway and close to NH-163, it offers multimodal connectivity.
Inaugurating the project, Modi said the park will accelerate the textile revolution in the country, creating large-scale employment opportunities, especially for women.
Strategically located near the proposed Nagpur-Vijayawada Greenfield Expressway (NH-163G) and in proximity to NH-163, the park offers excellent multimodal connectivity to major railway networks and seaports, ensuring seamless logistics for global trade, a release from the Ministry of Textiles said.
The park is equipped with state-of-the-art infrastructure, including an extensive internal road network, dedicated power substation and assured water supply. It also emphasises sustainable development through a common effluent treatment plant with zero liquid discharge technology.
The Ministry of Textiles approved the establishment of seven PM MITRA parks in the states of Telangana, Tamil Nadu, Karnataka, Maharashtra, Uttar Pradesh, Gujarat and Madhya Pradesh in March 2023.
Industries being set up in the park will not only have access to world class infrastructure facilities for the textile sector, but will also receive competitive incentive support (CIS) under the PM MITRA scheme.
Manufacturing units become eligible for incentive support for which total fund of ₹300 crore for each park, thereby making these parks more attractive to investors.
Units in the PM MITRA parks are also eligible for benefits in convergence with other government schemes.
Fibre2Fashion News Desk (DS)