Lucknow (Uttar Pradesh) [India], April 1 (HBTV): Uttar Pradesh Chief Minister Yogi Adityanath announced on Saturday that two Memorandums of Understanding (MoUs) worth INR 700 crore were signed to establish the PM MITRA Park at the Lucknow-Hardoi border.

The MoUs align with Prime Minister Narendra Modi's 5F vision—Farm to Fibre, Fibre to Factory, Factory to Fashion, and Fashion to Foreign, Adityanath said.

Speaking at the Investors’ Meet for the PM MITRA Park, Adityanath also announced the development of two leather parks named after Sant Ravidas. He highlighted incentives worth INR 210 crore for investors under the 2017 textile policy and INR 8 crore under the 2022 policy, reaffirming the state's commitment to industrial expansion and employment generation.

‘Along with textiles, two new leather parks, in the name of Sant Ravidas, will be developed in Uttar Pradesh. Eighty investors under the 2017 policy of Uttar Pradesh Handloom, Powerloom, Silk, Textile, and Garmenting are receiving an incentive of INR 210 crore today. Under the 2022 policy, we are giving 44 such investors an incentive of INR 8 crore. Two MoUs worth INR 700 crore are also being signed today for PM MITRA Park. The Prime Minister has said we will connect PM MITRA Park with 5F—Farm to Fibre, Fibre to Factory, Factory to Fashion, and Fashion to Foreign—which means we can also export its products,’ Adityanath said.

He reiterated the state's commitment to investor-friendly policies, stating, ‘It's not a new thing that Uttar Pradesh can be established as an excellent hub for textiles. The ancient spiritual places of UP, Kashi and Ayodhya, were not only advanced in terms of culture, but they also contributed to bringing culture to a new level. In UP, there are major textile centres in areas like Gorakhpur, Sant Kabir Nagar, Azamgarh, and Mubarakpur.’

He further noted, ‘When we implemented the One District One Product policy in the state, demand exceeded supply. That is why the government has decided that an integrated textile park will be built in Lucknow, and ten new parks will be built as an extension in the name of the state government.’

Adityanath highlighted that incentives have already been distributed to hundreds of investors who have commenced production. ‘Our online system ensures that all incentives are provided within the policy framework,’ he said.

He also stated that Uttar Pradesh is the first state in India to implement systematic social incentives for investors. Under the 2022 textile policy, investors have already received their incentives, reinforcing the state's pledge to fulfill its commitments.

Adityanath further emphasized the historical significance of Uttar Pradesh's textile industry, citing Varanasi and Ayodhya as ancient centres of trade and craftsmanship.

‘Kashi and Ayodhya are among the world's oldest cities, and their legacy in textiles dates back thousands of years. Bhadohi and Mirzapur continue to be renowned for their silk, and the Banarasi saree remains a global favourite,’ he said, adding that Ambedkar Nagar in Ayodhya is known for its flourishing handloom and textile industry.

The establishment of the Mega Textile Park is expected to generate employment and strengthen Uttar Pradesh’s position as a leading textile manufacturing state in India.

The PM Mega Integrated Textile Region and Apparel (PM MITRA) scheme aims to develop an integrated, large-scale, and modern textile industrial infrastructure, creating a complete textile value chain from fibre to finished product and boosting India's global textile competitiveness.

(ANI)