Authorities notifies 2-stage choice course of for MITRA parks, Retail Information, ET Retail

Government notifies 2-stage selection process for MITRA parksThe federal government on Thursday notified the scheme to setup seven Prime Minister’s Mega Built-in Textile Area and Attire (MITRA) parks and stated that states having prepared availability of contiguous and encumbrance- free land parcel of 1000+ acres shall be eligible to use. In a notification, the textiles ministry stated that manufacturing items will get an incentive to setup early within the parks however solely these firms could be eligible who don’t avail the advantages below the PLI scheme for textiles.

“For incentivizing manufacturing items to get setup early in PM MITRA, there’s a provision of Rs 300 crore per park, whereby the motivation may be supplied to manufacturing items as much as 3% of the overall gross sales turnover on first come first serve foundation,” the ministry stated.

As per the notification, the choice of websites will occur on a problem technique with parameters such nearly as good connectivity, enough high quality energy infrastructure, water and waste water disposal system, Business Pleasant labour legal guidelines, Single Window Clearances, Steady and Conducive industrial/textile coverage of the state.

A 2-stage choice course of has been put in place. Stage 1 is for preliminary choice of potential websites supplied by states whereby expenditure on structure of Particular Function Autos, planning of the park, and choice of Grasp Developer could be carried out. At Stage 2, websites shall be prepared for launch of Grants in Support for the development of the park.

India plans to arrange seven MITRA Parks in Greenfield/Brownfield websites in partnership with the prepared states with an outlay of Rs 4,445 crore from FY22 to FY28.

The scheme is to develop built-in massive scale and fashionable industrial infrastructure facility for total value-chain of the textile trade.

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