From Our Special Correspondent
Daijiworld Media Network

Bangalore, Nov 3: A Rs 200 crore textile park has been approved by the Centre for being set up in Gulbarga at an estimated cost of Rs 200 crore.

Karntaka’s Textiles Minister Varthur Prakash, who announced the Centre’s approval of the proposal for setting up the textile park in Gulbarga on Thursday, said the Centre will be immediately releasing Rs 40 crore.

When the textiles park is completed and becomes fully operational, it is expected to provide employment to 20,000 people, the minister said pointing out that the Centre would give clearance for setting up another textiles park in Bellary shortly.

The State Government has proposed to set up parks in Belgaum, Chikkballapur, Tumkur, Chitradurga and Kolar, Prakash said.

Under the Central Scheme for Integrated Textile Park (SITP), the State has set up the textile park at Doddaballalpur by investing Rs. 92 crore and it has provided jobs to 2500 persons.

Power Subsidy:

The Minister said the government would reimburse one rupee per unit of power consumed by garment industries in the State and the incentive would encourage the entrepreneurs to invest in the textile sector in State.

Over 55,000 handlooms and 1.07 lakh powerlooms have been functioning in the State and provided jobs to three lakh people. The State contributes nearly 32 per cent to the country’s textile output.

Stating that the Karnataka Handloom Development Corporation would not be closed, the Minister said the corporation has been supplying school uniforms to schoolchildren and other departments.