Two PPP projects under the PM MITRA scheme, attracting Rs 20,000 crore, have cleared the PPPAC green signal for textile parks in Lucknow and Gujarat, set to boost investment and create employment.
Two public-private partnership (PPP) projects under the Centre’s flagship PM MITRA scheme, together expected to attract Rs 20,000 crore of investment in the textile sector, have received the green signal from the Public Private Partnership Appraisal Committee (PPPAC), paving the way for the launch of the bidding process.
The PPPAC recently cleared the bid documents for the proposed PM MITRA parks at Lucknow in Uttar Pradesh and Vansi in Gujarat’s Navsari district, sources said.
The two greenfield integrated textile parks will be developed by private developers under the Design, Build, Finance, Operate and Transfer (DBFOT) model. The projects aim to create world-class integrated manufacturing ecosystems spanning the entire textile value chain, attract large-scale private investment and generate significant employment.
Each park is expected to attract investment of around Rs 10,000 crore and generate nearly 100,000 direct and 200,000 indirect jobs. The concession period for both projects has been fixed at up to 50 years.
Two public-private partnership (PPP) projects under the Centre’s flagship PM MITRA scheme, together expected to attract Rs 20,000 crore of investment in the textile sector, have received the green signal from the Public Private Partnership Appraisal Committee (PPPAC), paving the way for the launch of the bidding process.
The PPPAC recently cleared the bid documents for the proposed PM MITRA parks at Lucknow in Uttar Pradesh and Vansi in Gujarat’s Navsari district, sources said.
The two greenfield integrated textile parks will be developed by private developers under the Design, Build, Finance, Operate and Transfer (DBFOT) model. The projects aim to create world-class integrated manufacturing ecosystems spanning the entire textile value chain, attract large-scale private investment and generate significant employment.
Each park is expected to attract investment of around Rs 10,000 crore and generate nearly 100,000 direct and 200,000 indirect jobs. The concession period for both projects has been fixed at up to 50 years.
