The concept of Mega Integrated Textile Region and Apparel Park (MITRA) announced by the Union Government with an outlay of `4,445 crore has fired up the enthusiasm among the business community and population in South West Tamil Nadu.

The mission envisages setting up of seven world class textile and apparel parks across the country with liberal financial incentives like `500 crore to each Greenfield Park while each Brownfield Park would get `200 crore. Each park, which is in the form of textile township, would offer 1,00,000 direct employment and 2,00,000 indirect employment, said  a release issued by the Union Ministry of textiles.

These textile parks encompass the Five F formula specified by the Union Government as mandatory requirement: Farm to Fibre to Factory to Foreign (export). “This is a dream project because the world-class industrial infrastructure would attract cutting age technology and boost Foreign Direct Investment and local investment in the sector,” said Raja M Shanmugham, chairman, Tirupur Exporters Association.

The MITRA concept would result in an integrated textile value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at 1 location, said Shanmugham.

Each Park would have minimum 1,000 acres of land with Core Infrastructure that include Incubation Centre & Plug & Play facility, Developed Factory Sites, Roads, Power, Water and Waste Water system, Common Processing House & Common Effluent Treatment Plants and other related facilities like Design and Testing Centres.

Tirupur, Coimbatore and other regions in south west Tamil Nadu which are crying for development would be the ideal location to set up these parks,” said C P Radhakrishnan, two-time MP from Coimbatore who knows the pulse of textile manufacturing business like the back of his hand. “Chennai and surrounding areas are all overcrowded with industries and people. South West Tamil Nadu has Tirupur, a hub of India’s knitwear manufacturing and the concept suits the region,” Radhakrishnan told The Pioneer.

Raja M. Shanmugham said the concept Parks would enhance the competitiveness of the textiles industry, by helping it in achieving economies of scale and will create huge job opportunities for millions of people.

Published On : 9-10-2021

Source : The Daily Pioneer

e-max.it: your social media marketing partner