Home / Knowledge / News / Textiles / Gulbarga textiles park project gets Centre's nod
Gulbarga textiles park project gets Centre's nod
07
Nov '11
The Karnataka government's proposal for setting up a textiles park at Gulbarga has been given a nod by the Central Government, the State Textiles Minister, Mr. R Varthur Prakash has revealed.

The Minister stated that the Centre would provide Rs. 400 million by way of assistance for setting up the park. He informed that the State has also urged the Centre to set up such parks in Bellary, Kolar, Belgaum, Tumkur, Chikkaballapura and Chitradurga.

Mr. Prakash said the State has met with good response at the Technotex 2011, an international seminar on technical textiles held in Mumbai, where Karnataka was a partner State.

He added that the State is likely to attract investments worth around five billion rupees. He further said that the State would provide a power subsidy of one rupee per unit to the industries setting up their units in textile parks of the State.

Presently, the State houses around 2,500 garment units in its textile parks, in addition to around 55,000 handlooms and 1.007 million powerlooms.

Karnataka is planning to introduce a group insurance scheme to bring about 55,000 weaver families in the State within its fold, the Minister informed.

Talking about the State's 2008-13 Textile Policy, Mr. Prakash said since 2008, the State has received investments to the tune of Rs. 50 billion.

He said the policy would be modified in view of the sector's requirements and also to give a special boost to the technical textile segment and thereby to draw higher investment in that field.

The Government is also deliberating on extending the power subsidy benefit to spinning mills, he said.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X