Minister for Textiles, Ports and Inland Water Transports Baburao Chinchansur on Tuesday said that a textile park would be set up on a 1,000-acre plot at Kadechur in Yadgir district with an investment of Rs. 1,000 crore for which the Karnataka Industrial Area Development Board (KIADB) had been asked to release land.
Speaking to presspersons here, Mr. Chinchansur said that the park would be developed on an international model.
He said that KIADB had 3,500 acres of land under its control in Gurmitkal constituency, in which Kadechur falls.
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Mr. Chinchansur said that the earlier textile policy had expired on March 31 last and a new one would come into force shortly.
A draft policy had been presented to the government for approval, he said.
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The Minister said that textile parks had been proposed in Gulbarga, Bellary, Tumkur, Chickballapur and Belgaum districts.