Karna Textile Policy: Employment, Investment targets not met,

The investment and employment generation targets envisaged in Karnataka's Textile Policy have not been achieved because they were set without proper assessment of ground realities in the sector, the Comptroller and Auditor General (CAG) has said in its report.

It has said, the targets of Rs 10,000 crore investment and 5 lakh employment generation envisaged in the policy (2013-18) were not achieved and the short fall was to the extent of 63 per cent and 76 per cent respectively.

In its report tabled in the Legislative Assembly on Thursday, the CAG has said, actual employment generated with fresh investment was only 8.93 per cent of the targeted employment generation of five lakh.

The CAG pointed out that the Textile department considered the employment of 50 people for every Rs 1 crore investment and thus set a target of 5 lakh employment for Rs 10,000 crore investment in the policy period.

The audit observed that the target fixed for employment generation for Rs 1 crore .