Karnataka plans Rs 1,000-crore mega textile park
The Karnataka government plans 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, state's Textile Minister Baburao Chinchanasoor said today.
The state's Textile Department would submit a proposal to the Karnataka Industrial Areas Development Board to earmark 1,000 acres of the total 3,500 acres acquired for industrial development for the proposed project at Kadechoor, he told reporters here.
The proposal, which is expected to generate 5,000 jobs when implemented, would be placed before the Cabinet soon for approval, Chinchanasoor said.
He also said 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 has been prepared.