UP’s mega textile park to be built on 1000 acres between Lucknow and Hardoi
Lucknow: The Modi government has approved the mega textile park in UP. Chief Minister Yogi Adityanath has expressed his gratitude to Prime Minister Narendra Modi by tweeting after the approval of Mega Textile Park, which proved to be a boon for the state’s textile industry.
The Central Government has approved setting up of PM Mitra (Prime Minister Mega Integrated Textile Region and Apparel) Park in seven states of the country. After this, the way has been cleared for the mega textile park to be built on 1000 acres in the state capital Lucknow at a cost of 1200 crores. Through this, all the works and facilities related to the textile industry will be available in the same premises. Also, it will prove to be a great gift for the artisans, weavers and handicraftsmen of UP. The government is expecting an investment of Rs 10,000 crore through this mega textile park.
CM expressed gratitude on behalf of 25 crore people
Chief Minister Yogi Adityanath wrote in his tweet that the dedication of Prime Minister Narendra Modi for the achievement of the resolution of ‘Make in India’ and ‘Make for the world’ is commendable. Gratitude to the Prime Minister on behalf of 25 crore residents of the state for this gift to Uttar Pradesh. This textile park, which is going to be established in Uttar Pradesh under the visionary leadership of the Prime Minister, will give a new identity to the textile industry of the state, as well as create investment possibilities worth crores of rupees and create lakhs of jobs.
Government will form SPV
After getting the approval of the Mega Textile Park from the Central Government, now the Yogi government will form a Special Purpose Vehicle (SPV) to get it off the ground. 10 crore (paid up capital) has been arranged for this, in which 51 percent share will be from Uttar Pradesh Government, while 49 percent share will be from Government of India. Textile park will be developed on PPP mode. Free land will be made available to the Handloom and Textiles Department for this.
SPV to be known as Sant Kabir PM Mitra Textile and Apparel Park Limited
Additional Chief Secretary, Department of Handloom and Textiles, Government of Uttar Pradesh will be appointed as the Chief Executive Officer (CEO) in the SPV on behalf of the Central Government and the State Government and the Secretary, Ministry of Textiles, Government of India will be given the responsibility of the Chairman. The proposed name of the SPV will be “Sant Kabir PM Mitra Textile & Apparel Park Limited”. The approval has been given by the Council of Ministers for setting up the project. About 1 lakh direct and 2 lakh indirect employment is expected to be generated from this park.
Work to promote the textile industry is going on in mission mode in the state.
Yogi government is spending about Rs 700 crore on behalf of the state government to strengthen the textile industry in the state and with the aim of creating maximum employment. For this, not only has the UP Textile and Garmenting Policy-2022 been promulgated, but a budget provision of Rs 150 crore has also been made for financial facilities to the investors in the textile sector and youths starting new self-employment. Along with this, the Yogi government has made a provision of Rs 175 crore under the Garmenting Policy.
Apart from this, a provision of Rs 345 crore has been made for providing electricity at subsidized rates to powerloom weavers of the state, Rs 20 crore for Chief Minister Power Loom Industry Development Scheme and Rs 10 crore for Chief Minister Weaver Solar Energy Scheme. Not only this, the work of strengthening the textile industry in the state is going on continuously, arranging about Rs 18 crore for the Jhalkari Bai Kori Handloom and Power Loom Development Scheme.
53 thousand crore investment through UP GIS
During the recently concluded Uttar Pradesh Global Investors Summit 2023, the Yogi Government has received more than one thousand investment proposals in the textile sector alone, in which leading textile companies like Aditya Birla Group are also eager to invest in UP. The government has so far received investment proposals worth more than 53 thousand crores in the textile sector in UP, which is expected to create more than 2 lakh 46 thousand jobs.
Now, after getting the approval of Mega Textile Park in UP, not only spinning, weaving, dyeing and printing but also garment manufacturing will be done at one place. Rather, its marketing and market arrangements will also be from here itself. Along with this, export facilities will also be available here. With all the facilities at one place, the cost of logistics will also be saved. Till now the entire infrastructure of textile industry scattered in different areas will be made available in this park with latest technology. Entrepreneurs investing in this will be given facility to set up units. Because of which the possibilities of foreign direct investment will increase.