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Textile parks likely to be set up in every taluk of the state to encourage youths

YarnsandFibers News Bureau 2015-09-13 10:00:00 – Karnataka

A workshop on Karnataka Industrial policy – 2014-19 , organised by the district industrial centre was inaugurated by Minister for Social Welfare and district in-charge H. Anjaneya on Saturday, where it was informed that the State government has decided to establish textile parks in every taluk of the State to encourage youths to become entrepreneurs and become self-dependent.

The state government has also decided to adopt a new policy to help establish small and medium industries by providing 35 percent financial assistance to general category, 40 percent to women and 50 percent financial assistance to those belonging to the Scheduled Castes and Tribes.

Under the new policy, the government would provide power, land, water and other infrastructure including loans from banks and financial institutions at very reasonable rate of interests.

Taking all elected representatives into confidence, a total of 20 acres of land has been identified at Holalkere taluk in the first phase and the textile park would be established apart from this steps would be taken to set up such parks in different taluks of the district.

Presiding over the programme, MLA G.H. Tippareddy informed that decades back, Chitradurga district was known for industries, but now there is considerable decrease in number of industries owing to various reasons. So the success of new industrial policy would depend on how many new industries would be set up in backward districts like Chitradurga.

The move taken up by the state government would also play a crucial role in stopping migration of youth to other places in search of livelihood.

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