The stage is all set regarding MoU signing PM MITRA Park in village Bhensola, Badnawar Tehsil, Dhar district of Madhya Pradesh and around 150 investors from across India are expected to attend the event.
The MoU will be signed on 21st May between the Government of India (Ministry of Textiles) and the Government of Madhya Pradesh. Union Minister of Textiles, Commerce & Industry Piyush Goyal, Chief Minister of MP, Shivraj Singh Chouhan, Union Minister of State for Textiles Darshana Vikram Jardosh, officials of Ministry of Textiles and State Government will be part of the event.
The State Government claims that this park has already attracted more than Rs. 6,000 crore of intentions to invest from prominent textiles and garment groups across India.
Today, Madhya Pradesh has emerged as an attractive market in the field of apparel manufacturing. The number of garment manufacturing units in the state which was 11 in 2003 has now increased to 53.
MP, which has attracted a few of the leading apparel manufacturers recently, will have this mega park on 1,563 acres of land. The entire land parcel is under the possession of MPIDC.
This location has the advantage of good connectivity as it is at a distance of 110 kms from Indore and 85 kms from Pithampur Industrial cluster. It is located at a distance of 50 kms from Ratlam and 50 kms from Delhi Mumbai expressway. The distance from the nearest port, Hazira, is 452 kms.
The PM MITRA park will create direct employment for 50,000 people and indirect employment for 1.5 lakh people which will directly benefit the entire Malwa region, especially the Dhar, Jhabua and Ratlam districts.
Usually investments of Rs. 100 crores or more are eligible to claim the customised package in various sectors. Since, the garment sector is labour intensive and employs mainly women workers, the state government has given mega status to garment industries on investment of more than Rs. 25 crores in plant and machinery to give more incentives to the garment units and make them eligible for customized packages.
