Textile park costing Rs 1000 cr to come up in Karnataka
Updated: May 23, 2013 01:24:15pm
Bengaluru, May 23 (KNN) The Karnataka government has announced its plan to set up a 1,000-acre textile park at a cost of Rs 1,000 crore in the assembly constituency of Gurmitkal in Yadgir district, said state Textile Minister Baburao Chinchanasoor earlier this week.
He also said that the Karnataka Industrial Area Development Board (KIADB) has been asked to release land for the park which would be developed on the lines of an international model.
In this context, the state textile department has been asked to submit a proposal to KIADB to earmark 1,000 acres of the total 3,500 acres acquired for industrial development for the proposed project at Kadechoor, said a media report quoting the Minister.
The proposal is expected to generate 5,000 jobs when implemented and would be placed before the cabinet soon for approval, Chinchanasoor said.
Further, he explained that based on the growth prospects of the textile sector and after studying the textile policy of neighbouring states, a draft textile policy for Karnataka for the period 2013 - 2018 had been prepared.
Textile parks have been proposed in Gulbarga, Bellary, Tumkur, Chickballapur and Belgaum districts.
Furthermore, considering that the earlier textile policy had expired on March-31, a new one would come into force shortly.
A draft policy had been presented to the government for approval, the minister said. (KNN)
He also said that the Karnataka Industrial Area Development Board (KIADB) has been asked to release land for the park which would be developed on the lines of an international model.
In this context, the state textile department has been asked to submit a proposal to KIADB to earmark 1,000 acres of the total 3,500 acres acquired for industrial development for the proposed project at Kadechoor, said a media report quoting the Minister.
The proposal is expected to generate 5,000 jobs when implemented and would be placed before the cabinet soon for approval, Chinchanasoor said.
Further, he explained that based on the growth prospects of the textile sector and after studying the textile policy of neighbouring states, a draft textile policy for Karnataka for the period 2013 - 2018 had been prepared.
Textile parks have been proposed in Gulbarga, Bellary, Tumkur, Chickballapur and Belgaum districts.
Furthermore, considering that the earlier textile policy had expired on March-31, a new one would come into force shortly.
A draft policy had been presented to the government for approval, the minister said. (KNN)
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