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PM MITRA Park to Attract Huge Investment, Boosting MP's Textile Sector

The Chief Minister of Madhya Pradesh, Mohan Yadav, announced that the state's upcoming PM MITRA Park, to be located in Dhar, will play a crucial role in giving the local textile industry a significant global push. The new textile industry park is designed to boost Madhya Pradesh's position in the global market and is a key part of the state's strategy for industrial growth.

From an economic perspective, the PM MITRA Park has already attracted considerable interest from investors. According to CM Yadav, the project has secured investment proposals amounting to a substantial Rs 14,600 crore. This major financial commitment is expected to translate into significant employment opportunities, with projections indicating the park will create textile jobs for approximately 17,000 people.

CM Yadav highlighted several strategic advantages that make Madhya Pradesh an ideal location for such a large-scale project. He noted the state's central geographical position and excellent connectivity, which provide a stable and attractive environment for investment. The project is also aligned with the national government's vision, aiming to promote indigenous products and support the broader 'Make in India' and 'Developed India' initiatives.

This PM MITRA Park is not just an infrastructure project but a strategic move to transform the state's textile sector. By promoting local manufacturing and integrating the industry with global supply chains, the park is poised to enhance Madhya Pradesh's economic stature and contribute to the growth and development of its textile businesses, ultimately aiming to put the state on the global map.

  01:20 PM, Sep 11

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