India - Karnataka woos investors in textile sector
Dated- 22 Apr , 2012 - India
Karnataka, which has come out with schemes to attract investments in the textile sector, has invited textile industry here to start manufacturing facilities in the State.
The Department of Handlooms and Textiles, Government of Karnataka, conducted a road show here recently in association with the Southern India Mills' Association, Tirupur Exporters' Association, Indian Chamber of Commerce and Industry and the Federation of Indian Chambers of Commerce and Industry.
According to a release, R. Varthur Prakash, Minister for Textiles, Government of Karnataka, said the industry would not face shortage of labour or power in Karnataka.
The Karnataka government had come out with a policy “Suvarna Vastra Neethi” to encourage investment in textiles and apparel in the State. It had framed the schemes considering the demands of the textile entrepreneurs of Tamil Nadu. He urged the textile investors here to make use of the benefits and invest in Karnataka.
INVESTMENTS IN PIPELINE
D.A. Venkatesh, Commissioner for Textile Development and Director, Handlooms and Textiles, Government of Karnataka, said at the road show that over Rs. 2,800 crore investments were in the pipeline in the State in the textile sector.
The Karnataka government had adopted an approach for the holistic development of the sector. Cluster-based projects were encouraged so that small and medium-scale enterprises could come together in a textile park and share common infrastructure. The Government of Karnataka supported the projects with financial support for common facilities.
Since skilled manpower was one of the main needs of the textile industry, the policy had provided adequate priority for skill development for the sub-sectors of the industry. Mega projects had been approved in Bellary, Mandya, Bijapur and Bangalore, he said.