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PM MITRA stands for Prime Minister Mega Integrated Textile Region and Apparel. The proposal to set up this park was approved by the ministry in March this year.
The event will be attended by the minister of textiles Piyush Goyal, state chief minister Shivraj Singh Chouhan, minister of state for textiles and railways Darshana Vikram Jardosh. Around 150 investors from across India are expected to attend the event, an official release said.
Goyal also holds the portfolios of commerce & industry, consumer affairs and food & public distribution.
The site is located at a distance of 110 km from Indore and 85 km from the Pithampur Industrial Cluster. The distance from the nearest port, Hazira, is 452 km.
The Madhya Pradesh Industrial Development Corporation will ensure factories get power at ₹4.50 per unit and water from the Mahi Dam at ₹25 per KL.
The park will create direct employment for 50,000 and indirect employment for 1.5 lakh and will benefit the entire Malwa region.
Fibre2Fashion News Desk (DS)