With the Centre giving the go-ahead for organising of ‘PM Mitra’ (Prime Minister Mega Integrated Textile Region and Apparel) Parks in seven states, together with a mega textile park in Lucknow at Rs 1,200 crore, the Uttar Pradesh authorities on Friday stated it should kind a particular function automobile (SPV) to get the undertaking off the bottom.
The textile park, which is able to come up on 1,000 acres, is prone to generate almost 1 lakh direct jobs and oblique employment for two lakh folks, officers stated. Also, the state authorities has proposed to call the particular function automobile for building of the park after Sant Kabir.
Once the mega textile park comes up, spinning, weaving, dyeing and printing in addition to garment manufacturing will likely be performed at one place. Moreover, it might additionally facilitate advertising and marketing and export amenities and assist save logistical prices.
“Rs 10 crore (paid up capital) has been arranged for the project. While 51 per cent cost will be borne by the UP government, 49 per cent will be incurred by the Centre. The textile park will be developed on public private partnership (PPP) model. Free land will be made available to the state Handloom and Textiles Department for the purpose,” stated a authorities spokesperson.
While Additional Chief Secretary (Handloom and Textiles) will likely be appointed because the Chief Executive Officer (CEO) of the SPV on behalf of the state, the Secretary (Union Ministry of Textiles) would be the chairperson of the entity, it’s learnt.
The authorities spokesperson stated that the proposed title of the SPV will likely be ‘Sant Kabir PM Mitra Textile & Apparel Park Limited’.
Expressing gratitude to Prime Minister Narendra Modi for sanctioning the undertaking for Uttar Pradesh, Chief Minister Yogi Adityanath stated in a tweet, “Gratitude to the PM on behalf of 25 crore residents of the state for this gift to Uttar Pradesh.”
The state authorities is spending about Rs 700 crore to strengthen the textile trade within the state. While the state has additionally promulgated UP Textile and Garmenting Policy-2022, a budgetary provision of Rs 150 crore was made monetary amenities to buyers within the textile sector and youths beginning self-employment.
The state authorities has additionally made a provision of Rs 175 crore below the Garment Policy. Besides, a provision of Rs 345 crore has been made for offering electrical energy at subsidised charges to powerloom weavers of the state, Rs 20 crore for the CM Power Loom Industry Development Scheme and Rs 10 crore for the Chief Minister Weaver Solar Energy Scheme.