Karnataka’s Large and Medium Industries Minister Murugesh R. Nirani has hinted that a Mega Integrated Textile Park under the Prime Minister Mega Integrated Textile Region and Apparel (PM-MITRA) scheme would come up in the Kalaburagi district.
The Minister said that the scheme will help attract investments and boost employment–reportedly, generating at least 25,000 jobs in the initial stage.
The State Government has identified 1,000 acres of land at Kalaburagi and Vijayapura for the textile project;however, Kalaburagi is believed to be a frontrunner to get one of the seven proposed mega textile parks across the country.
The Minister added that the State would provide facilities including land, water availability and electricity subsidy. A subsidy of Rs. 2 per unit will be given to textile units –in addition to providing 6 percent annum interest subsidy on term loans for the first 5 years.
The State Government has acquired around 1,601 acres of land in and around Farhatabad by incurring an expenditure of Rs. 158 crore for establishing coal-based thermal power plant in 2007.
Now, the Power Company of Karnataka Limited has transferred 1,000 acres of land to the Department of Handlooms and Textiles for setting up Mega Textile Park on Public Private Partnership (PPP) mode.