Início Fashion Madhya Pradesh CM pushes for completion of $59.8 mn mega textile park

Madhya Pradesh CM pushes for completion of $59.8 mn mega textile park

India’s Madhya Pradesh state’s Chief Minister (CM) Dr Mohan Yadav has emphasised the expeditious completion of processes related to the ₹5 billion (approximately $59.8 million) project approved by the Textile Ministry for the integrated textile and apparel park in Dhar district.

Madhya Pradesh’s Chief Minister Dr Mohan Yadav has urged swift completion of the ₹5 billion integrated textile and apparel park in Dhar, targeting over 25,000 jobs.
He discussed the industrial policy and highlighted investments of ₹350 billion in Pithampur and Ratlam, ₹21.25 billion for the Indore-Pithampur Economic Corridor, and more in a review meeting.

The CM highlighted the importance of this project during a review meeting of the Industrial Policy and Investment Promotion Department at Mantralaya. He underscored the need for concerned agencies to promptly fulfil their roles to achieve the target of employing more than 25,000 people through 21 units in the PM mega textile park, the government of Madhya Pradesh said in a press release.

The proposal to establish the PM MITRA Park in Bhensola village, Badnawar Tehsil, Dhar district, received formal approval from the government of India in March 2023. The MoU signing between the Ministry of Textiles and the government of Madhya Pradesh took place in Dhar district on May 21, 2023.

Dr Yadav also discussed the proposed industrial policy, instructing the preparation of an integrated plan for the development of industries. The Chief Minister pointed out that various ministries of the Central Government have already approved the establishment of different industrial units in Madhya Pradesh, stressing the urgency of implementing these projects.

The proposed investment of ₹350 billion in mega projects in Pithampur and Ratlam is set to create employment for more than one lakh people. The development of the Indore-Pithampur Economic Corridor, covering an area of 3,200 acres, is projected to cost ₹21.25 billion and will employ about one lakh people. Additionally, Indore’s multimodal logistics park, with an investment of ₹20 billion, will provide jobs for more than 5,000 people.

The state government is prioritising the establishment of employment-oriented industries. The year 2025 will be celebrated as the year of industry, with an investors summit proposed for January 2025. Regional industrial summits will be held across the state, and Dr Yadav will meet with industrialists in major Indian cities to attract new industrial investments.

During the meeting, it was revealed that initiatives beneficial to the youth in industries and business will be conducted with the cooperation of Madhya Pradesh Council of Science and Technology (MAPCOST) and organisations like ISRO. Dr Yadav issued several key instructions, including the preparation of an integrated plan for industry development, organising regional industrial conclaves, holding meetings with industrialists in major cities for new investments, focusing on employment-oriented industries, and starting preparations for the investors summit.

The inauguration of 78 industrial units in the state are scheduled soon. The meeting also reviewed the progress of the industry summit held last year and the Regional Industry Conclave-2024 held on March 1 and 2 in Ujjain.

Fibre2Fashion News Desk (DP)

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