Latest news with #PMMITRA
Time of India
2 days ago
- Business
- Time of India
Task force on textiles exports sets collaborative roadmap to boost India's global market share
The Ministry of Commerce & Industry held the inaugural meeting of the Task Force on Textiles Exports under the chairmanship of Commerce Secretary Sunil Barthwal at Vanijya Bhawan on June 10. The high-level meeting marked a significant step toward building a collaborative framework aimed at enhancing India's share in global textile exports, the ministry said in an official release. The newly formed Task Force is envisioned as a unified platform to address critical challenges in the textile sector, foster stakeholder engagement, and develop actionable strategies to boost exports across the textile value chain. The discussions at the meeting were comprehensive, covering a wide range of policy and operational issues. Key focus areas included: Upgrading ESG infrastructure in garment units Promoting renewable energy use Addressing EU Deforestation Regulation (EUDR) compliance Expanding e-commerce channels for textile exports Simplifying regulatory frameworks, improving labour productivity, and enhancing cost competitiveness Focused support for MSME exporters, including export credit, certification, and testing support Scheme-related suggestions on RoDTEP, RoSCTL, and Duty Drawback Promotion of PM MITRA Parks, jute diversified products, separate HS codes for GI products, and natural fibre productivity The meeting was attended by senior officials including Special Secretary Rajesh Agrawal, Special Secretary L Satya Srinivas, FA Arti Bhatnagar, DGFT Ajay Bhadoo, and Additional Secretary (Textiles) Rohit Kansal, along with representatives from related departments, Export Promotion Councils (EPCs), industry associations, and leading exporters. Exporters and council members shared critical insights and provided recommendations for sectoral improvement. Based on these deliberations, the Chair directed that sub-task forces be formed on key thematic areas. Each sub-task force will be led by the concerned ministry and will include members from EPCs and industry stakeholders. Their mandate will be to deliver practical, time-bound recommendations to the main Task Force. The meeting concluded with a shared commitment to advancing India's textile export goals in alignment with the Viksit Bharat Vision 2047 , reinforcing the government's resolve to position India as a global textile powerhouse.
The Hindu
07-06-2025
- Business
- The Hindu
Government urged to address structural issues faced by the textile and apparel sector
The government should address the structural challenges faced by the Indian textile and apparel industry to achieve $ 100 billion exports by 2030, according to stakeholders of the industry. At a meeting held in Coimbatore on Friday (June 6, 2025) to discuss the challenges faced by the textile and apparel exporters, they discussed the reasons for the nil growth in textile and apparel exports for almost a decade. The exports are stagnant at about $ 40 billion in value. The volume of exports has declined which is a matter of concern, they said. The exports should grow at 17% CAGR to achieve the target of $ 100 billion by 2030. Structural issues, including raw material prices and high labour costs, are a major hurdle apart from cost of capital, power tariff, and relatively higher lead time to deliver orders. Since the return on investment is not viable, the industry is not ready to invest in expansion projects and build capacities. A report by AT Kearney Consulting and the Foundation for Economic Development said the government introduced schemes such as the PM MITRA, PLI, advance authorisation, etc to address the cost issues. However, according to the stakeholders, for the industry to tap opportunities in the international market and register growth, the basic challenges need to be addressed as these schemes have not given the required cost advantage.
Fibre2Fashion
05-05-2025
- Business
- Fibre2Fashion
Dhar PM MITRA Park set to boost MP's local cotton consumption
The PM MITRA Park in the Dhar district of Madhya Pradesh will soon begin inviting investors to set up their textile units in the much-touted textile park, as Prime Minister Narendra Modi-led Central Government recently granted formal approval for the project. The PM MITRA Park is expected to create capacity to utilise the cotton produced in the state. Madhya Pradesh is the fifth-largest cotton-growing state in the country. Recently, the state's Chief Minister, Dr Mohan Yadav, announced that Madhya Pradesh has received formal approval for the ₹2,100 crore PM Mega Integrated Textile Region and Apparel (PM MITRA) Park project. He stated that the project will not only redefine the industrial landscape of the state but also elevate India's textile sector on the global stage. Madhya Pradesh's Dhar district will host a ₹2,100 crore PM MITRA Park, formally approved by the Central Government. The park aims to boost the state's textile industry by enhancing cotton utilisation through integrated facilities for spinning, weaving, processing, and garmenting. With ₹10,000 crore in investment proposals already received, operations are expected by late 2026. The Chief Minister further informed that applications for land allocation at the park will be invited soon. Investment proposals worth ₹10,000 crore have already been received, reflecting an enthusiastic response from the industrial sector. The park will feature a 20 MLD Zero Liquid Discharge (ZLD) plant, a solar-powered energy facility, plug-and-play BTS (Built-To-Suit) units, and residential complexes for workers. All construction activities are targeted for completion within 14 months, which means the park is expected to become operational in the last quarter of 2026. The project will be established in Bhainsola village, Badnawar tehsil, in the Dhar district. The location is strategically situated 110 km from Indore, 85 km from the Pithampur industrial cluster, and just 50 km from the Delhi-Mumbai Expressway via Ratlam. The nearest port, Hazira, is 452 km away. The state government has indicated that the park will focus not only on the garment manufacturing industry but also on the upstream textile value chain. Spinning, weaving/knitting, and dyeing and processing activities will help enhance cotton consumption within the state. Madhya Pradesh ranks fifth in cotton production, following Maharashtra, Gujarat, Telangana, and Karnataka. During the current 2024–25 season, cotton production in the state is estimated at 19 lakh bales (of 170 kg each). Interestingly, India's total cotton production is projected to decline to 291.30 lakh bales in the current season from 325 lakh bales in 2023–24. However, Madhya Pradesh's output is expected to remain steady. The state forms part of India's major cotton-producing central zone, along with Maharashtra and Gujarat. Cotton production in the zone may decline to 172 lakh bales this season, compared to 200 lakh bales in the previous season. Industry sources say that the state holds vast potential for yarn and fabric production and processing due to the abundance of natural fibre. Currently, Madhya Pradesh's cotton is partly utilised within the state, while the remaining output is supplied to neighbouring states. Fibre2Fashion News Desk (KUL)
Time of India
25-04-2025
- Business
- Time of India
Madhya Pradesh gets approval for Rs 2,100 crore PM MITRA textile park project
Madhya Pradesh has received formal approval for the ₹2,100 crore PM Mega Integrated Textile Region and Apparel (PM MITRA) Park project. #Pahalgam Terrorist Attack Pakistan suspends Simla pact: What it means & who's affected What is India's defence muscle if it ever has to attack? Can Pakistan afford a full-scale war with India? The project has been sanctioned by the Union Ministry of Textiles and will be the first integrated textile park of its kind in India, CM Mohan Yadav said on Friday. According to CM Yadav, the project would significantly enhance the state's industrial landscape and bolster India's textile sector on the global stage. The park, spanning 2,100 acres, is expected to attract significant investment and create a large number of employment opportunities in Madhya Pradesh. The PM MITRA Park will feature several modern facilities, including a 20 MLD Zero Liquid Discharge (ZLD) plant, a solar-powered energy facility, and plug-and-play Built-To-Suit (BTS) units. Live Events Additionally, residential complexes will be built for workers, ensuring comprehensive infrastructure for the project's workforce. Construction activities for the park are expected to be completed within 14 months. Yadav also announced that applications for land allocation at the park would be invited soon. He noted that investment proposals worth ₹10,000 crore had already been received, indicating strong interest from the industrial sector. "The park will energise the Indian textile industry from Madhya Pradesh and provide employment to lakhs, significantly strengthening the state's economy," Yadav said. The PM MITRA Park will be located in Bhainsola village, Badnawar tehsil, in Dhar district. The location is strategically situated, approximately 110 km from Indore, 85 km from the Pithampur industrial cluster, and 50 km from the Delhi-Mumbai Expressway via Ratlam. The nearest port, Hazira, is 452 km away.
Fashion Value Chain
24-04-2025
- Business
- Fashion Value Chain
India: Emerging Global Apparel Hub Beyond China
For years, global fashion brands have depended on China for its scale and supply chain efficiency. But with rising costs and geopolitical risks, the search for alternate sourcing hubs is gaining urgency. India, once seen primarily as a textile heritage center, is fast emerging as a serious manufacturing contender. Why India Now? It's not just about affordable labor. India is building an ecosystem rooted in policy support, infrastructure, and technological advancement—offering a long-term, stable base for global supply chains. At the India-France CEO Forum, Prime Minister Modi affirmed India's role as a preferred alternative for companies diversifying from China. From Heritage to High-Tech India's textile legacy is well known. Today, it's transitioning to modern, export-driven apparel manufacturing. The sector contributes 2.3% to India's GDP and 10.5% to exports, directly employing over 45 million people. The goal: Hit $100 billion in exports by 2030. With FY24 exports at $34.4 billion and FY25 already at $21.35 billion in six months, that goal looks increasingly realistic. Policy Push & Infrastructure Growth The Production Linked Incentive (PLI) scheme and PM MITRA textile parks are transforming India's manufacturing capabilities. These initiatives focus on end-to-end textile ecosystems—reducing lead times and improving cost-efficiency. 12 new industrial parks and investments in textile machinery modernization are further boosting capacity. Global Brands Are Noticing The global apparel market is projected to reach $2.37 trillion by 2030, with India's domestic market alone expected to touch $350 billion. Labour remains cost-effective, and the workforce is skilled in textile manufacturing, drawing from generational knowledge. With FDI crossing $4.5 billion and full foreign ownership allowed, India is becoming more attractive—not just for sourcing, but for setting up long-term operations. Sustainability Is a Strategic Edge Sustainability is now a necessity, not a trend. India's commitment to circularity and environmental compliance—highlighted at Bharat Tex 2024—makes it a future-ready partner. Schemes like Weaver MUDRA also empower traditional artisans, blending heritage with innovation. India vs China? Not Quite China remains unmatched in speed and infrastructure. But India is no longer a fallback—it's becoming a standalone, resilient supply hub. With policy and industry in sync, India is steadily earning its place as a global apparel powerhouse. Closing Thought This isn't just about de-risking from China. It's about India rising on its own merit—ready to meet the world's demand with reliability, scalability, and a deep-rooted textile tradition.
