Madhya Pradesh secures Rs 12,508 crore investment proposals for new PM MITRA Park

Madhya Pradesh has secured investment proposals worth Rs 12,508 crore for its upcoming PM MITRA Park in Dhar. Fifteen major textile companies have committed to projects that are expected to create more than 18,000 jobs. The largest investment of Rs 4,500 crore, came from the Trident Group. Other big commitments include Rs 1,300 crore from AB Cotspin, Rs 1,024 crore from Arvind Mills, Rs 1,000 crore from Sanathan Textiles, Rs 1,000 crore from BSL, Rs 800 crore from Sharmaji Yarn, Rs 700 crore from RVSM-LNJ Bhilwara and Rs 550 crore from RR Jain Industries.

The proposals were announced by Mohan Yadav, Chief Minister, Madhya Pradesh at an event in New Delhi on September 3. He promoted the state as a ‘model state’ for capital investment, guaranteeing land, infrastructure, and policy support. The integrated textile hub will lower costs and enhance India's competitiveness in the $800 billion global textile market, states Giriraj Singh, Union Textile Minister.

Spanning 2,158 acre, the park is being developed with a budget of nearly Rs 2,000 crore and is expected to be operational in 14–16 months. It will feature a complete ‘farm-to-fashion’ value chain, including zero liquid discharge Common Effluent Treatment Plants (CETPs), testing and training facilities and industrial housing and "plug-and-play" units

Accounting for 24 per cent of the world’s non-GMO organic cotton and ranking seventh in domestic cotton output, Madhya Pradesh is well-suited for this project. The state’s strategic location between Gujarat and the Delhi–Mumbai Industrial Corridor offers a natural advantage for the textile sector.