Finance & Economy | News & Insights

States lobbying hard for mega integrated Textile Park.

Published: February 13, 2021
Author: Manali bhanushali

The Union Government recently announced in the Union budget 2021-22 that it will be launching seven Mega Investment Textile Parks (MITRA) – with integrated facilities – in three years.

Notably, every state having textile industry is eager to get a park under this scheme.

Various trade bodies in different states have urged the Government to set up Textile Park under this scheme in their respective states.

Union Law and Justice Minister Ravi Shankar Prasad recently assured he would make sincere efforts to persuade the textiles ministry to set up a textile park in Bihar.

Now moving a step further, the Madhya Pradesh Government has proposed 1,000 acres of industrial land for such a park in Ratlam.

As per a report of Times of India, Rohan Saxena, ED, The Madhya Pradesh Industrial Development Corporation (MPIDC) said, “The selection of the site will be on a competitive basis. Given the location and connectivity of Ratlam to the Delhi-Mumbai Expressway, the location well suits the requirement of the textile park.”

It is pertinent to mention here that the setting up of a textile park will help in generating local employment and giving a thrust to economic development of the region.

“There are many states in the race to grab the park as it will initiate mega economic development. Most important parameters for selection are location and skill availability in that geographical location. The Government should suggest a location that should be less than an hour from the airport for smooth transit and to attract global buyers and related stakeholders,” says Akhilesh Rathi, Chairman, The Madhya Pradesh Textile Mills Association.

Prior to this, a leading trade body of Gujarat had also strongly raised voice for one of the parks under this scheme MITRA.

It will be interesting to see which of the seven states get these parks.

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