Mumbai, March 27 -- Uttar Pradesh has signed two Memoranda of Understanding (MoUs) worth Rs 7 billion ($81.8 million) at an investors' meet for the upcoming PM MITRA textile and apparel park, located on the Lucknow-Hardoi border. The park, part of the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) scheme, aims to establish the state as a key textile hub, creating over 50,000 jobs.
Chief Minister Yogi Adityanath, while addressing investors, highlighted that the park would offer integrated facilities for weaving, dyeing, printing, designing, and packaging, ensuring a seamless production-to-export ecosystem. He also distributed incentives worth Rs 2.1 billion to 80 investors under the state's Textile and Apparel Policy 2017, reinforcing the government's commitment to fostering investment and innovation in the sector.
In a post on X, CM Yogi stated that the state would establish 10 new textile parks named after Sant Kabir Das and two leather parks in honour of Sant Ravidas, further boosting the region's industrial infrastructure. He also revealed that investment proposals worth Rs 38 billionhad already been received under 83 MoUs, reflecting strong investor confidence in Uttar Pradesh's textile and apparel industry.
Published by HT Digital Content Services with permission from Construction World.