Bengaluru to see investment of over Rs2000cr in garment and textile sector

YarnsandFibers News Bureau 2015-09-10 14:00:00 – BENGALURU

Karnataka, and especially Bengaluru hosts many big garment companies and also known for its garment and textile industry to see big investments in the textile sector. With a cumulative investment of over Rs2,000 cr, the projects are estimated to provide direct employment to more than 5,000 people, mostly women, said additional Chief Secretary in department of Commerce and Industries, Ratna Prabha.

The state government is also to develop a mega Silk Park in Mysuru under a union government assisted project catering exclusively to the integrated silk textile sector, ranging from silk rearing to manufacture of silk garments.

Among the big investments to come up in the textile industry, Himatsingka Linen is set to implement a massive expansion plan with an investment of about Rs1,500 crore to manufacture bedroom linen and other fabrics. Himatsingka Group is a vertically integrated Home Textile major with a global footprint focusing on the manufacturing, retailing and distribution of Home Textile products and operates amongst the largest capacities in the world for producing upholstery fabrics, drapery fabrics and bed linen products, it already has a plant in Hassan Special Economic Zone.

A proposal from Shahi Exports, a major name in the sector, has also been approved for setting of its unit in Bengaluru and expansion of its already existing units in Mysuru and Srirangapatna with an overall investment of about Rs500 crore. It is estimated to create over 1,000 jobs.

Jockey, a subsidiary of Page Industries, is set to implement its expansion plans with an investment of Rs132 crore in Hassan to manufacture inner garments. It will have employment potential for 700 persons.

Indo Count, one of the world’s biggest producer of bedspreads, has shown interest to set up a unit in Dharwad, with an investment proposal of Rs250 crore. Indo Count is vertically integrated right from spinning to finished made ups. The company takes pride in being India’s third highest exporter of bed linen.

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