“We expect that within the next 15 days we will get (cabinet) approval on the MITRA program,” he told PTI.
He said there are more takers for the program because some states want two or three of these parks and because of that “we will follow a challenge method to select states.”
Besides 1,000 acres of land for one of these parks, the ministry will look at some important things like nearby availability of raw materials, all kinds of infrastructure including port, road and rail connectivity, availability of water and electricity, and state incentives, among others.
States will need to apply for the program and “we’ll launch some sort of expression of interest (EoI). We will look for documents in a format and then we will do an assessment, ”Singh said.
He added that a portal will also be developed for this.
Textiles Minister Piyush Goyal recently said, “We need competition between states to seize business opportunities and we will see this competition in the MITRA program. We need to finalize 6 to 7 textile parks. States will have to commit to land, labor laws, infrastructure and electricity at attractive prices. ”
The government proposed the MITRA program to enable the textile industry to become competitive on a global scale, attract large investments, stimulate job creation and exports.
Speaking of the production-linked incentive program (PLI) for the textile sector, the secretary said that by the end of September, detailed guidelines will be published for the program.
On September 8, the Union cabinet approved the PLI program for MMF (artificial fibers) and
valued at Rs 10,683 crore, which will be provided to industry over a period of five years.
“This is a limited fund program. We expect more people to come forward for this and for that we set certain criteria. There will be certain criteria for selecting companies, which would benefit from this program. “Singh said. noted.
He said companies that invest in ambitious neighborhoods and level 3/4 cities would be preferred. Preference will also be given to companies that go to small towns, create more jobs and have better financial and technical capacities, he added.
“If we receive more applications in two months above Rs 10,683 crore, then we will select them based on these criteria,” Singh said.