Work for Textile Park at Nitte in Karkala taluk (Karkala) has started as Minister for Energy, Kannada and Culture V. Sunil Kumar recently laid the foundation stone of this park.
The park was announced by the State Government in the 2020-21 budget.
The park would come into existence in about seven months at an estimated cost of Rs. 20 crore and it will create good employment opportunities for the local population.
As per the media reports, the announcement was made in 2020-21 but due to the non-availability of suitable land, the park did not materialise. Finally, suitable land was identified at Nitte, close to Karkala town.
The state Government will also ensure basic requirements at the Textile Park including approach road, water facility, compound wall, Anganwadi, accommodation etc. If individual entrepreneurs or a special purpose vehicle develops the park, the government provides them a subsidy at the already determined rates.
