The Uttar Pradesh government has set aside Rs 400 crore for the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) park in its budget for fiscal 2024-25.

During the annual budget presented by the Finance Minister Suresh Khanna, the Yogi Adityanath government made several announcements for the textile industry in the State

Suresh Khanna stated in his budget speech that the PM MITRA park is expected to attract an investment of Rs 10,000-15,000 crore and will create one lakh direct and two lakh indirect employment opportunities.

UP was one of the selected states granted PM MITRA parks. The central government had approved seven PM MITRA parks across India.

UP's park will be located in the Lucknow-Hardoi region and will cover approximately 1,000 acres of land. The UP government has also announced ₹400 crore for the Atal Bihari Vajpayee Power Loom Vidyut Flat Rate Yojana.

The scheme aims to provide electricity subsidies to the lakhs of power looms operating in the state.