Madhya Pradesh has received investment proposals worth Rs. 12,508 crore (US $ 1.41 billion) in its textile sector following an interactive session on the PM MITRA Park held in New Delhi on Wednesday. Chief Minister Mohan Yadav said proposals came from 15 major companies, including Trident and Arvind Mills, with the potential to generate over 18,000 jobs.
Yadav described the session as an important step in positioning the state as a hub for capital investment. He said industrialists had shown strong interest in Madhya Pradesh’s textile sector and added that the current period represented a significant opportunity for growth and economic expansion.
The Chief Minister assured investors of Government support, saying that all necessary facilities would be made available to ensure the success of businesses. He highlighted that the upcoming PM MITRA Park near Badnawar in Dhar district would be a decisive step towards strengthening India’s textile ecosystem.
Union Textiles Minister Giriraj Singh and Union Textiles Secretary Neelam Shami Rao also attended the session. Rao said a detailed plan worth nearly Rs. 2,000 crore (US $ 226 million) had already been prepared for the park and that environmental clearance had been secured.
According to Yadav, applications for land allotment at the park can be submitted until 11th September. He noted that land would be allotted at a premium of Re. 1 per square metre along with a development fee of Rs 120 per square foot, the lowest among all PM MITRA parks. The park, he added, is expected to generate direct employment for about 100,000 people and indirect jobs for around 200,000 more.
