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A textile park of international standard will be set up in Yadgir district of Karnataka, according to a minister. Addressing presspersons here on Saturday, Baburao Chinchanasur, Karnataka Minister for Textiles and Ports, said that around Rs 10,000 crore would be invested in this project.
Stating that the Nanjundappa Committee has identified Yadgir as the most backward region in the state, he said such an investment would help in developing the region.
The Government is in possession of around 3,300 acres of land in Yadgir. Of this, 1,000 acres would be used for setting up Textile Park in Yadgir, he said.
On the potential for such a park in Yadgir, he said many people in the neighbouring Raichur grow cotton. Such a park would help improve the condition of cotton growers and weavers in the region, Chinchanasur said.
On the port sector, the Minister said that he held a discussion with the Karnataka Chief Minister recently on allocating funds to the port sector in the Karnataka Budget. The Port Department has sought around Rs 50 crore in the budget, he said.
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