The Government of India has approved the setting up of 7 PM MITRA (पीएम मित्र) parks as announced in Union Budget for 2021-22.
- PM MITRA (पीएम मित्र) is inspired by the 5F vision of Prime Minister. The ‘5F’ Formula encompasses – Farm to fibre; fibre to factory; factory to fashion; fashion to foreign.
- The 7 Mega Integrated Textile Region and Apparel Parks (PM MITRA) (पीएम मित्र) will be setup at Greenfield / Brownfield sites located in different willing States.
- Maximum Development Capital Support (DCS) of ₹ 500 crore to all Greenfield PM MITRA and a maximum of ₹ 200 Crore to Brownfield PM MITRA (पीएम मित्र) will be provided for development of Common Infrastructure (@30% of the Project Cost) and ₹ 300 Crore of Competitiveness Incentive Support (CIS) will also be provided to each PM MITRA (पीएम मित्र) park.
- For a Greenfield PM MITRA (पीएम मित्र) park, the GOI Development Capital Support will be 30% of the Project Cost, with a cap of ₹ 500 Cr. For Brownfield sites, after assessment, Development Capital Support @30% of project cost of balance infrastructure and other support facilities to be developed and restricted to a limit of Rs. 200 Crore.
- PM MITRA (पीएम मित्र) will develop 50% Area for pure Manufacturing Activity, 20% area for utilities, and 10% of area for commercial development. A schematic representation of the PM MITRA (पीएम मित्र) is illustrated below:
- PM MITRA (पीएम मित्र) park will be developed by a Special Purpose Vehicle which will be owned by State Government and Government of India in a Public Private Partnership (PPP) Mode.
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