Latest news with #PMMITRAParks
Hans India
01-08-2025
- Business
- Hans India
India's textiles exports crossed $37.75 billion in 2024-25: Minister
New Delhi: India's overall exports of textiles & apparel surged past $37.75 billion in 2024-25, which represented a 5 per cent increase over the corresponding figure of 35.87 billion for the previous financial year, the Parliament was informed on Friday. The government is implementing several schemes to enhance investments, generate employment opportunities and boost exports in the textile sector, Minister of State for Textiles Pabitra Margherita said in a written reply in the Rajya Sabha. It has approved seven sites for the setting up of PM MITRA Parks, one each in Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Telangana, and Uttar Pradesh. Infrastructure works worth Rs 1,197.33 crore for providing external infrastructure till the Park gates have been started by various state governments, and an expenditure of Rs 291.61 crore has been incurred so far, the minister said. The government is also implementing the National Handloom Development Programme and the Raw Material Supply Scheme to modernise and strengthen the handloom sector and for the welfare of handloom workers across the country. Under these schemes, financial assistance is provided to eligible handloom agencies and workers for raw materials, procurement of upgraded looms & accessories, solar lighting units, construction of worksheds, product diversification & design innovation, technical and common infrastructure, marketing of handloom products in domestic/overseas markets, concessional loans under weavers' MUDRA scheme and social security, the minister said. Besides, the government is implementing the Samarth scheme for capacity building in the textiles sector. The scheme aims to provide demand-driven, placement-oriented skilling programmes to supplement the efforts of the industry in creating jobs in the organised textile and related sectors, covering the entire value chain of textiles, excluding spinning and weaving, in the organised sector. Samarth is implemented on a pan-India basis. Under the Samarth scheme, as on July 24, a total of 4,57,724 beneficiaries have been trained (passed), including in the traditional sector like handloom & handicrafts, the minister added.
The Hindu
08-07-2025
- Business
- The Hindu
Indian MMF sector should tap the potential in 'affordable synthetic fashion', says study
The rising mid-income populations across Africa, South East Asia, and Latin America has led to a growth in demand for performance-driven, climate-adapted, and cost-sensitive apparel that the Indian manmade fibre (MMF) sector can tap, according to a knowledge paper released recently by the Confederation of Indian Textile Industry (CITI) and Wazir Advisors. The study, which highlights the white spaces in the global MMF economy where India can build first-mover advantage or regional dominance, said one such area is affordable synthetic fashion, especially for the global south. Most of the global MMF suppliers are currently geared towards premium western brands. The Indian textile industry can develop and export lightweight synthetic hijabs, wrinkle-free uniforms, and weather-resistant workwear. The study also underlines the need to prioritise expansion and modernisation of India's downstream MMF capabilities. While the country has established a strong base in polyester staple fibre and filament yarn production, its capacity to weave value-added fabrics and garments is limited. Strategic investments are required to expand the capabilities across MMF fabric processing and apparel manufacturing. There is also for vertically integrated MMF apparel clusters equipped with common infrastructure. Compared to countries such as China and Vietnam, India lacks synthetic-focused garmenting units that can serve volume orders with global quality standards. Infrastructure-led schemes such as PM MITRA Parks must prioritise plug-and-play facilities for MMF apparel, coupled with incentive structures to attract large domestic and international investments in synthetic garment production, the knowledge paper said. The government policies must support raw material security, ensuring that quality inputs are available at competitive prices, it said.
Time of India
02-07-2025
- Business
- Time of India
Over Rs700 crore infra work to begin at PM Mitra Park in Dhar
Indore: Infrastructure work amounting to more than Rs 700 crore will be carried out at PM Mega Integrated Textile and Apparel Park (PM MITRA) in Dhar, one of the seven textile parks being set up in the country under the Centre's scheme to promote textile manufacturing in the country. The first phase of the PM MITRA Park will be developed on 2,158 acre of land in Dhar district at a cost of over Rs 2,050 crore. The master developer of the project, Madhya Pradesh Industrial Development Corporation, has floated the tender. "The work for internal infrastructure at the park will start soon. The internal work will include roads, drainage, electric poles, and all infrastructure-related work. The tenders were issued on June 30, 2025," said MPIDC Ujjain executive director Rajesh Rathod. The tenders floated were worth Rs 773 crore for the first phase of the PM MITRA Park development. MPIDC has so far received investment proposals amounting to Rs 12,000 crore from 47 industries for PM MITRA. PM MITRA Parks are being developed in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, and Maharashtra. These parks have secured approval with an allocation of Rs 4,445 crore for a seven-year duration, extending until 2027-28. The master developer of the project also plans to establish more than 800 plug-and-play facilities for the garment industry. The industrial precinct shall feature residential plots, officer quarters, women's worker hostels, worker hostels, and accommodation for unskilled workers.
