New Delhi, 22 Oct (KNN) The Ministry of Textile has directed to setup seven Prime Minister’s Mega Integrated Textile Region and Apparel (MITRA) parks, and informed about the incentives for manufacturing units to get setup early in PM MITRA. There is INR 300 crore per park provision with incentives up to 3% of the total sales turnover on first come first serve basis.

However, only those companies would be eligible who don’t avail the benefits under the Production Linked Incentive Scheme (PLI) scheme for textiles.

The states having ready availability of contiguous and encumbrance- free land parcel of 1000+ acres will be eligible to apply, said the Ministry.

As per the notification, the selection of sites will happen on a challenge method with parameters such as good connectivity, adequate quality power infrastructure, water and waste water disposal system, Industry Friendly labour laws, Single Window Clearances, Stable and Conducive industrial/textile policy of the state.

A 2-stage selection process has been put in place. Stage 1 is for preliminary selection of potential sites offered by states wherein expenditure on constitution of Special Purpose Vehicles, planning of the park, and selection of Master Developer would be done. At Stage 2, sites will be ready for release of Grants in Aid for the construction of the park.

India plans to set up seven MITRA Parks in Greenfield/Brownfield sites in partnership with the willing states with an outlay of INR 4,445 crore fr0m FY22 to FY28.

The scheme is to develop integrated large scale and modern industrial infrastructure facility for entire value-chain of the textile industry.