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Related Keywords: Chief Minister Siddaramaiah, cluster will house common facilities, common effluent, fabric dying, Karnataka Silk Industries Corporation, KSIC, on its premises in Mysuru, proposal to establish a mega silk cluster, provide five crore to KSIC, set up second composite silk weaving factory, silk-twisting, state budget, the cost of twenty four crore

Karnataka Silk Industries Corporation (KSIC) to set up a second composite silk weaving factory at the cost of Rs.24 crore on its premises in Mysuru.
Chief Minister Siddaramaiah presenting the state budget 2017-18 in Bengaluru on Wednesday said that Rs.5 crore will be provided to KSIC to establish the factory.

The proposal to establish a mega silk cluster in collaboration with the Government of India also finds mention in the budget. It is expected to come up on 10 acres of land at Belavadi on the outskirts of the city.

Related Keywords: arriving with huge delegation, attract investment, begin on Feburary, Chief Minister Siddaramaiah, created land bank, includes textiles, Karnataka government, mobilize investments in investible projects, seven partner nations, thriving eco system for investment, upcoming global investors meet

The Karnataka government is looking to attract twice the Rs 1.30 lakh crore investment it has wooed in the last two years at the upcoming global investors meet which will begin on Febuary3, 2016. Chief Minister Siddaramaiah said that with a thriving eco-system for investment the state's expectations were "realistic". Several mega investment projects would be announced at the meet. The government hopes to mobilize investments in 116 investible projects identified already.