K'taka to set up textile parks to enhance production

Mysore, May 5 (UNI) Seven textile parks will be set up in Karnataka to increase production in the industry and upgrade the powerloom sector, Textile Development Commissioner and Handloom and Textiles Director Sandeep Dave informed today.

Speaking to newspersons here, he said the parks would come up in Doddaballapur, Anekalu, Kanakapura, Bellary, Davangere, Belgaum and Mysore. In Mysore district, nearly 250 acres of land had already been identified at Kodakola village for the purpose and notification issued.

He said the state government wanted to extend the subsidy of Rs 1.20 per unit given to 20 HP powerloom industry holders, to 67 HP holders to encourage industry. The state, in all, had 90,000 powerloom industries and its exports touched Rs 4500 crore.

Mr Dave said the textile parks would be set up under the umbrella of special purpose vehicles (SPV) involving various industrialists.

The state government also urged the Centre to increase the subsidy by ten per cent from the present 25 per cent.

Earlier, Mr Dave held a meeting with industrialists on setting up textile parks in the district.

Regional Officer of Textiles, Coimbatore, Banakar, in charge of Kerala, Andhra Pradesh, Tamil Nadu and Karnataka, along with Deputy Commissioner S Selvakumar, participated in the meeting which was attended by the industrialists from Bangalore, Tamil Nadu and other parts of the district.

UNI BSP RG HVB1852