In March 2023, the Government of India officially granted approval for the establishment of PM MITRA Park in Bhensola village, situated in the Badnawar Tehsil of Dhar district, Madhya Pradesh. Covering a massive area of 1,563 acres within Bhensola village, this park is entirely under the possession of MPIDC (Madhya Pradesh Industrial Development Corporation). Divya Shetty engages in a conversation with Dr Navneet Mohan Kothari (IAS), the Managing Director of MPIDC, to discuss the park’s recent progress and its potential appeal to potential investors.
Development Progress of Mitra Park: Transforming Barren Land into Tailored Industrial Space
The newly approved greenfield park in Bhensola, Dhar, is undergoing rapid development. Unlike brownfield parks, which convert existing industrial setups, the approach taken here involves designing the park from scratch. The objective is to create a tailored industrial space that aligns with the specific needs of the industries it aims to host. This strategy ensures that all infrastructure is contemporary, meeting current standards and avoiding obsolescence. The park includes shared facilities such as common effluent treatment plants (CETPs) and a common boiler plant to meet the needs of various industries, particularly smaller units that may lack resources for individual setups. The design also incorporates a plug-and-play infrastructure model, simplifying the setup process for businesses.
Diverse Industry Scope and Encouragement for Textile Machinery Manufacturers
The scope of Mitra Park is vast, catering to a diverse range of industries including ginning, spinning, yarn production, the entire textile value chain, and garments. The intention is to foster a robust industrial ecosystem that supports local demand while enhancing economies of scale for businesses. Additionally, the park actively encourages manufacturers of textile machinery to establish a presence within its premises.
Sustainability Initiatives at Mitra Park: Leading the Way in Green Practices
MPIDC has implemented various sustainable initiatives within Mitra Park. The park will offer a certification of sustainability in terms of energy efficiency, allowing entities to obtain green certificates. Moreover, the Common Effluent Treatment Plant (CETP) within the park is being designed to achieve zero liquid discharge, adhering to the highest environmental standards and sustainable practices.
Advantages of Choosing Madhya Pradesh for Textile Manufacturing
Madhya Pradesh (MP) offers unique advantages for textile manufacturers. The state has long been a significant cotton producer, ensuring abundant raw material availability. MP’s textile industry has evolved beyond ginning, with a substantial number of spindles, weaving, and knitting industries flourishing. Established entities such as Trident, Vardhaman, Nhara Spinning, and LNJ have already set up their operations in MP. Additionally, the comprehensive industrial ecosystem and attractive incentive packages have prompted many industries to relocate from other regions to MP.
Madhya Pradesh: An Ideal Investment Destination
Dr Navneet Mohan Kothari highlights the exceptional friendliness of Madhya Pradesh (MP) towards industries. The state ensures stability in its industrial standards and wholeheartedly supports the industry regardless of the governing administration. MP proudly offers a harmonious working environment, free from noteworthy labor-related concerns. In addition, the government presents an enticing incentive package for new industries choosing to set up in the state. MP takes pride in its inclusive nature, representing a diverse amalgamation of individuals from different regions of India.
Conclusion:
The establishment of PM MITRA Park in Bhensola, Madhya Pradesh, marks a significant development in the state’s industrial landscape. The park’s focus on sustainable practices, plug-and-play infrastructure, and diverse industry scope makes it an attractive destination for textile manufacturers and associated industries. Madhya Pradesh, with its stable and industry-friendly environment, comprehensive ecosystem, and incentives, serves as a prime investment opportunity. As the park continues to develop, it is poised to contribute significantly to the region’s economy, employment, and position in the textile sector.
