Prime Minister Narendra Modi inaugurated the PM MITRA Park in Warangal, also known as the Kakatiya Mega Textile Park.
Spread across 1,327 acres and Located near the proposed Nagpur-Vijayawada Greenfield Expressway (NH-163G), the park features modern infrastructure including internal road network, dedicated power substation and assured water supply and Common Effluent Treatment Plant with Zero Liquid Discharge technology.
The park is expected to attract investments of over Rs 6,000 crore (US $630 million), with 62% of the area already allotted, making it an important hub for textile industry growth in India.
The Detailed Project Report for the PM MITRA Park in Warangal was approved at a cost of Rs 1,695.54 crore (US $178 million), including upgraded common infrastructure facilities such as CETP to a Zero Liquid Discharge Facility, Common boiler facility for processing units, expansion of worker dormitories, a 10 MW solar power plant, etc.
Units in the park will receive world-class infrastructure and Competitive Incentive Support (CIS) under the PM MITRA scheme, with a total incentive fund of Rs 300 crore (US $31.52 million) for each park.
The units are also eligible for benefits under other central government schemes, including the PLI scheme for textiles. As an example of this convergence, Evertop Textile and Apparel Complex Pvt. Ltd., a PLI beneficiary in the Warangal PM MITRA Park, is expected to invest Rs. 1,051 crore (US $110 million), and achieve an annual turnover of Rs. 1,990 crore (US $209 million).
The textile park has also received investments from other manufacturers such as Kitex Garments, which has started commercial production at its unit in the park, with plans to scale up output to 1.1 million garments per day and expand globally. The company has invested US $190 million in the park.
Among other investors, Youngone Corporation has committed US $120 million, while Ganesha Ecosphere is investing US $107 million, underscoring strong industry interest in the park.
