The Karnataka Government plans to establish a textile park in Guledagudda, in the Bagalkot district, through a public-private partnership.
The government has transferred 15 acre in Muradi village to the Deputy Director of the Handloom and Textile Department in Bagalkot. The tendering process to appoint a transaction advisor for the park's establishment is currently in progress.
According to the new Textile and Garments Readymade Policy, the state government will provide land, infrastructure facilities, and a subsidy of up to Rs 40 crore for the construction of textile parks in the state. Among the seven textile parks in the state, one is government-owned. Five of the privately-owned parks are operational, and the remaining one is set to begin operations soon, informs Patil.
