PM Mitra Park in Lucknow will help generate employment opportunities for the skilled manpower of Uttar Pradesh.
Earlier, Shri Piyush Goyal, Union Minister of Textiles, Consumer Affairs, Food, and Public Distribution and Commerce and Industry during a programme of launch and signing of Memorandum of Understanding (MoU) of Integrated Textile Park in 1,000 acres in Lucknow and Hardoi districts under PM Mega Integrated Textile Sector and Apparel (PM Mitra) in Lucknow.
Additionally, it will provide the opportunities provided by the UP government to migrant labours who returned during Covid. The skilled manpower of UP is the backbone of various textile industries in Coimbatore and other places in the country.
Shri Goyal earlier assured that PM Mitra Park in Uttar Pradesh will be the first Park in the country to be inaugurated after completion.
Pertinently PM Mitra Park Lucknow will be developed in Public Private Partnership mode through a Special Purpose Vehicle (S.P.V.), which will be owned by the Central and State Governments.
The total area of PM Mitra Park Lucknow will be 1000 acres. In which an investment of Rs 10,000 crore is expected and it is likely to provide employment to 1 lakh people directly and 2 lakh people indirectly and it will strengthen the value chain of the textile sector to become globally competitive.
PM Mitra Park Lucknow is being developed in Attari village of Malihabad block of Lucknow district, which is well connected to major cities of the country by road, rail and air as follows:-
Road: The distance of the park from NH-20, SH-25 and 6-lane outer ring road is just 20kms.
By Rail: The nearest railway station Malihabad is at a distance of 16 km from the park and Lucknow railway station is at 40 km.
By Air: The nearest international airport is Lucknow, which is 45 kilometers from the park.
And the nearest Dedicated Freight Corridor and Inland Container Depot is Kanpur, which is 95 kilometers away from the park.
PM Mitra Park Lucknow will have an incubation centre, common processing house and a common effluent treatment plant, and other textile-related facilities like design center and testing centre.
Under the scheme, the central government will provide development capital assistance of Rs 500 crore to PM Mitra Park Lucknow for the development of common basic infrastructure.
In the month of February 2023, a successful Global Investors Summit was organized in the state. In which investment proposals worth more than Rs 33 lakh 50 thousand crore were received. Out of which investment proposals worth more than Rs56,000 crore are related to the textile sector.
Investors are willing to set up their units in PM Mitra Park. Lucknow and there is enthusiasm among the investors. So far, MOU proposals worth Rs 2396.85 crore have been received from 67 investors.
The Ministry of Textiles, Government of India, will provide incentives to the manufacturing units to be set up in PM Mitra Park Lucknow on the basis of first come first serve’.
A provision has been made by the Ministry of Textiles, Government of India to provide Rs 300 crore as an incentive to the manufacturing units to be set up in PM Mitra Park Lucknow.
The incentive amount will be 3 percent of the total annual turnover of the unit, whose limit per company will be as follows:
- Investment of Rs300 Crore or above-Cap of Rs 10 Crore/annum and a maximum cap of Rs 30 Crore on total incentive for one anchor investor company.
- Investment of Rs 100-300 Crore – Cap of Rs 5 Crore/annum and a maximum cap of Rs 15 Crore on total incentive for one investor company.
- Other investor companies and tenants-A cap of Rs 1 Crore/annum and a maximum cap of Rs 3 crore on total incentive But they must have employment of 100 persons and above.
