Mega Textile Park worth Rs 1500 crores to come up in Warangal-Likely to generate one lac direct jobs
Hyderabad, 19 March (H.S) In a major infra push to the state, the Centre has approved a mega textile

Hyderabad, 19 March (H.S) In a major infra push to the state, the Centre has approved a mega textile park for Telangana along with six other states. Prime Minister Narendra Modi disclosed this through Twitter late on Friday.

Telangana's Kakatiya Mega Textile Park (KMTP) at Warangal is one of the seven mega textile parks to get approval under PM MITRA (Mega Integrated Textile Region and Apparel) parks scheme. The scheme was mooted in 2021 with outlay of 4,445 crore between 2021-22 and 2027-28.Confirming Telangana as one of the seven states to have made the cut, Prime Minister Narendra Modi announced on Friday tweeted thus - PM MITRA mega textile parks will boost the textiles sector in line with 5F (Farm to Fibre to Factory to Fashion to Foreign) vision. Glad to share PM MITRA mega textile parks would be set up in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, MP and UP.

Union Minister Kishan Reddy has expressed happiness over Prime Minister Modi's announcement of Mega Textile Park for Telangana. He described it as the Prime Minister's gift to Telangana.He said that the establishment of this mega textile park in Telangana, which is famous for many handloom textile products with GI tag like Pochampally Ikkat, Gadwal sarees, Narayanapet sarees, Siddipet Gollabhama and Durris, will be greatly benefit farmers and handloom workers.Kishan Reddy urged the state government to show special initiative and work hard to implement the project soon.

Union Textiles Minister Piyush Goyal also announced in a press conference in New Delhi that .it s remarkable that three of the seven states are from the south and PM Mitra Mega Textile Parks will boost the textile sector with 5F (Farm-Fiber-Factory-Fashion-Foreign) approach.

Under MITRA scheme ,the proposed park will be established in Warangal, Telangana. These parks are established in public and private partnership. For this, the central government gives investment subsidy. The Center will provide 30% or a maximum of Rs.500 crores of the cost of setting up greenfield parks and a maximum of Rs.200 crores for brownfield parks.

This amount has to be used for the construction of important infrastructure in the parks. Also, incentives of up to Rs.300 crore per park will be provided to industries for setting up units. Paid on 'first come first served' basis.10% of the park area will be allowed for commercial development.leading to , world class technology that can be availed.

This textile sector can attract foreign direct investment. The central government estimates that each park will generate one lakh direct and two lakh indirect jobs. From thread making, cloth weaving, color dyeing, design printing, garment making, all kinds of facilities are available at one place. This will reduce the cost of transportation and transactions.

Plug and play facilities are available here. These will be connected with ports, dedicated freight corridors, industrial corridors and textile clusters. World class facilities are provided to the workers.A special purpose vehicle will be arranged for the establishment of these parks. The land allocated by the state governments should be registered and given in the name of SPV at a nominal price.Then master developers are appointed and the parks are developed.

The state government had sought approval for Greenfield pm Mitra park for KMTP which is coming up over 1200 acres and his expected to create over 1 lakh direct jobs when operational said state industries principle secretary Jayesh Ranjan and claimed that KMTP is set up at the cost of Rs 1500 crs.It will be developed as 'Brownfield PM Mitra' park.,state sources said.

As the state government has already began infrastructure development at KMTP ,Ranjan said that the expenditure incurred through Telangana state industrial infrastructure corporation would make the state eligible for immediate with withdrawal of Central grant component available on a 50:50 sharing basis with the park developer. KMTP has been key demand from centre with Telangana industries minister KTR often listing KMTP as one of the key unmet demands,he added.

Hindusthan Samachar/ Nagaraj Rao

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