Odisha (India) is in the process of obtaining a park under the PM MITRA plan
19th February 2022, Mumbai:
Odisha is also vying for one of the seven PM Mega Integrated Textile Region and Apparel (PM MITRA) parks to be approved. According to sources, the state government is working on a plan to construct a textile park.
It has chosen 1,000 acres near Dhenkanal's Neulopoi. The Odisha Industrial Infrastructure Development Corporation (Idco) has hired Grant Thornton as a consultant to provide a preliminary project report (PPR) for the park's construction.
The industries department has been appointed as the nodal agency for the project.
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"We have selected a patch of land for the establishment of the textile park," Hemant Sharma, the state's Industries Secretary, told the Times of India, a leading English daily, "considering various aspects like availability of suitable land, water, and power supply to the place, road and rail connectivity, centralized location that should be far from coastal areas in view of natural disasters, particularly cyclones."
He also expressed confidence that the Centre will take Odisha's proposal into consideration because it fits all of the necessary conditions.
According to reports, the state is willing to transfer over 1,000 acres of land for a minimal fee to the special purpose vehicle (SPV) that would be established to build the textile park.
Given Odisha's enormous potential for textile industry expansion, the state government has designated the textile and apparel sector as one of six priority areas for investment.
Odisha, which has few organized garment factories but has a competent workforce in the textile and apparel industries, has suggested setting up cotton processing, spinning, weaving, textile, and garment plants to attract investment.
Gujarat, Tamil Nadu, Uttar Pradesh, Rajasthan, Telangana, and Jharkhand are among the states vying for a park under the ambitious PM MITRA program.
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*Figures mentioned in the above article have been sourced from Apparel Resources article.
