The Karnataka state government is set to formulate a new textile policy 2024-2029 for the development of the textile and weaving sector.
"Through this policy, a capital investment of Rs 10,000 crore is expected, along with the generation of 2 lakh jobs. This policy will also promote greater investment and employment opportunities," said Karnataka CM Siddaramaiah in his budget speech.
A mega textile park is being established in 1,000 acres of land in Kalaburagi district in North Bengaluru under a PPP model in collaboration between the state and Central Governments. "The park is expected to generate direct employment for 1 lakh people and indirect employment for 2 lakh people. A grant of Rs 50 crore will be provided for supplemental infrastructure for this project," said Siddaramaiah.
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The CM announced that new textile parks would be constructed in Kittur Karnataka, Kalyana Karnataka (Raichur), and Mysuru regions under public-private partnership. "It is expected to create 10,000 jobs in the coming years," said Siddaramaiah.
A common facility center and Jeans Apparel park with basic infrastructure will be set up at Ballari. "This will formalise the presently unorganised jeans manufacturing units and also help in upgrading the industry to international standards."
Ahead of the Karnataka polls, Congress leader Rahul Gandhi has promised to establish a jeans park in Ballari and transform the city into the jeans capital of India.
The CM stated that mini textile parks would be set up in 25 districts of the state. "Subsidies will be provided in accordance with the existing textile policy. Measures will be taken to promote Khadi activities in Badanavalu village of Nanjangud Taluk, which had been visited by Mahatma Gandhi."
SMEs to get govt support to raise funds
The state government will also provide assistance to Small and Medium Enterprises (SMEs) to tap the capital market to raise funds. "State government will prove assistance to SMEs to issue IPO in the stock market. The state will provide financial assistance of up to 50% of the cost, subject to a maximum of Rs 25 lakh", the CM said.
Home delivery of food grains via app
A new social security scheme, Anna-Suvidha, a home delivery app for the free delivery of food grains (PDS) to the doorstep of senior citizens above 80 years, will be launched. Separately, Kissan Malls will be opened in select districts to provide farmers with horticulture-related technical guidance, market connectivity, farming implements, and agro-products under one roof.
Asset monetisation
An expert committee will be set up to analyse the potential for asset monetisation in the state. "The committee will also provide a roadmap for its implementation in a transparent and timely manner. This will aid in further mobilisation of non-tax revenues," he said.
A new sugar factory will be established on the premises of Mandya Sugar factory. Resources will be mobilised through government grants, monetisation of the factory’s assets, and other sources.
The CM said housing department will undertake various measures to mobilise resources to provide affordable housing for the needy in urban areas
Drone training
Upskilling in drone-based photography and videography has immense potential for employment in social media. Drone training will be imparted to 5,000 youngsters belonging to Scheduled Tribes who are already engaged in this profession, said Siddaramaiah.
Three new programmes startup eco-system
The CM said three new programmes will be launched to maintain Karnataka’s top position in the start-up ecosystem: i) Rajiv Gandhi Entrepreneurship Program - an early-stage funding programme that nurtures ideas and innovations to promote innovative endeavors, startups initiated by students, or entrepreneurs. ii) A new initiative to support early-stage women entrepreneurs with a sector-wise and targeted approach. ii) Five acres of land will be provided to C-Camp Agri innovation park to promote agri-Startups in the state.
Digitising tax records
By digitalising property tax records of all 20 lakh properties in the limits of BBMP, digital e-Khata, and property tax payment details will be made available to the owners from 2024-25. Kavery and e-property software will be integrated across the state to prevent illegal registration of properties in urban areas and to simplify property registration and Khata (record of the ownership of a particular property) entries, the CM said.
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