Karnataka setting up Rs 1,000-cr mega textile park

The Karnataka Government plans to set up a 1,000-acre textile park at a cost of Rs. 1,000 crores in the Assembly constituency of Gurmitkal in Yadgir district, the State Textile Minister, Mr. Baburao Chinchanasoor, has said.

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.

The proposal, which is expected to generate 5,000 jobs when implemented, would be placed before the Cabinet soon for approval.

He also said that, based on the growth prospects of the textile sector and after studying the textile policy of the neighbouring States, a draft textile policy for Karnataka for 2013-2018 has been prepared.