The Mega Integrated Textile Region and Apparel (MITRA) Park in Madhya Pradesh is likely to an investment of about Rs 6,850 crore. This was stated by the Minister of Textiles, Piyush Goyal on the sidelines of the MITRA park launch. He also asserted that other parts of the state may receive investment of Rs 8,675 crore.
As a major step forward in positioning India as a global hub for textile manufacturing and exports, the MITRA park, as announced earlier would generate 50,000 direct and 1.50 lakh indirect employment.
The park is being set up on approx. 1,563 acres in Bhensola village in Dhar district, and the land parcel is under the possession of Madhya Pradesh Industrial Development Corporation (MPIDC). It is located at a distance of 110 km from Indore and 85 km from Pithampur Industrial cluster.
The Central government is also planning to launch seven similar parks and has received 13 proposals to bolster the 'farm to fibre to factory to fashion to foreign concept. These will be spread over 1,000 acres and involves an outlay of Rs 4,445 crore in five years. Further, the Ministry of Textiles has inked memorandums of understanding (MoUs) with Karnataka, Uttar Pradesh and Tamil Nadu, for proposed investments worth Rs 5,000 crore.