ENA Sectors 2024-02-19 16:31:07 <p><span style="font-size:14px"><strong>Bengaluru, Feb 19 (KNN)</strong> The Karnataka state government is gearing up to introduce a comprehensive textile policy spanning from 2024 to 2029, aimed at propelling the growth of the textile and weaving sector.</span></p> <p><span style="font-size:14px">Karnataka CM Siddaramaiah, during his budget speech, highlighted the potential impact of this policy, foreseeing a capital investment of Rs 10,000 crore and the creation of 2 lakh jobs.</span></p> <p><span style="font-size:14px">One of the key initiatives under this policy is the establishment of a mega textile park, spread across 1,000 acres in Kalaburagi district, North Bengaluru.</span></p> <p><span style="font-size:14px">This project, operating under a Public Private Partnership (PPP) model with collaboration between the state and Central Governments, is anticipated to provide direct employment opportunities for 1 lakh individuals and indirect employment for an additional 2 lakh people.</span></p> <p><span style="font-size:14px">To support this endeavour, a grant of Rs 50 crore will be allocated for supplemental infrastructure development.</span></p> <p><span style="font-size:14px">Furthermore, CM Siddaramaiah announced plans for the construction of new textile parks in Kittur Karnataka, Kalyana Karnataka (Raichur), and Mysuru regions through public-private partnerships, with an expected job creation of 10,000 positions in the near future.</span></p> <p><span style="font-size:14px">Additionally, the government plans to establish a common facility center and a Jeans Apparel park with basic infrastructure in Ballari.</span></p> <p><span style="font-size:14px">This initiative aims to formalise the presently unorganised jeans manufacturing units while uplifting the industry to meet international standards.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36744 https://knnindia.co.in/news/newsdetails/sectors/karnataka-govt-unveils-ambitious-textile-policy-2024-2029 2024-02-19 16:31:07 knnindia.co.in