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Seven textile parks in PM MITRA scheme to get developers by March'24
Mint Mumbai
|February 09, 2024
The selection of infrastructure developers for seven mega-textile parks will be completed by the end of March, two officials said, as India makes a push for becoming a textile manufacturing hub.
These so-called master developers will build the seven parks under the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) scheme with an investment of 12,000 crore.
They will be selected by the union textiles ministry. Master developers are infrastructure development companies, which will be given the mandate to develop all parks with their own investment.
These master developers will be selected through a tender. As an incentive, each developer will get 100-acre piece of land on a 99-year lease for commercial exploitation' in each textile park.
Before floating the tender, the textile ministry will conduct a round-table with stakeholders, one of the officials said.
This story is from the February 09, 2024 edition of Mint Mumbai.
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