Tamil Nadu’s Chief Minister M.K. Stalin has expressed his gratitude to the Prime Minister for selecting Virudhunagar in Tamil Nadu for the PM MITRA Park. The Park will come up on 1,052 acres at E. Kumaralingapuram and will provide a unique infrastructure facility for textile processing, the weakest link in the whole textile value chain. The scheme extends 30 per cent of the project cost with a cap of Rs 500 crore per park for greenfield projects and Rs 200 crore for brownfield projects as Development Capital Support and Rs.300 crore per park as Competitiveness Incentive Support. Ravi Sam, Chairman, The Southern India Mills’ Association (SIMA) thanked the Government for allocating three parks for southern states viz., Tamil Nadu, Telangana and Karnataka.
He also appreciated the Chief Ministers of the three southern states for making considerable efforts in bringing the mega park to their states. Naren Goenka, Chairman AEPC, stated that these mega textiles parks with world-class facilities and integrated value chains will create global champions by enhancing apparel exports exponentially and creating massive employment opportunities to the tune of 20 lakh. The PM MITRA will offer a unique opportunity where spinning, weaving, dyeing, printing and stitching will be at a single location, reducing logistics costs and making the apparel sector globally competitive in the true sense of the term by integrating the value chain, creating economies of scale, and making Indian garment exports ESG compliant.
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