PM MITRA PARKS SCHEME

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Context

Recently, a National Conference on PM Mega Integrated Textile Regions and Apparel Park(PM MITRA) Parks Scheme was organized by Ministry of Textiles.

What is PM-MITRA?

In 2021, Ministry of Textiles (MoT) launched PM Mega Integrated Textile Regions and Apparel Parks (MITRAs) Scheme to strengthen the Indian textile industry by way of enabling scale of operations, reduce logistics cost by housing entire value chain at one location, attract investment, generate employment and augment export potential.
PM MITRA is inspired by the 5F vision of Prime Minister. The '5F' Formula encompasses - Farm to fibre; fibre to factory; factory to fashion; fashion to foreign.
It aspires to fulfil the vision of building an Aatmanirbhar Bharat and to position India strongly on the Global textiles map.

Details

PM MITRA Parks will offer an opportunity to create an integrated textiles value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at 1 location.
Integrated Textile Value chain at 1 location will reduce logistics cost of Industry.
Intended to generate ~1 lakh direct and 2 lakh indirect employment per park.
Sites for PM MITRA Parks will be selected by a Challenge Method based on objective criteria.
The scheme will develop integrated large scale and modern industrial infrastructure facility for total value-chain of the textile industry for example, spinning, weaving, processing, garmenting, textile manufacturing, processing & printing machinery industry.
These parks are envisaged to be located at sites which have inherent strengths for textile industry to flourish and have necessary linkages to succeed.
The scheme envisages leveraging Public Private Partnership model for fast paced implementation in a time-bound manner.

Must Read: https://www.iasgyan.in/daily-current-affairs/textile-sector-in-india