Home / Knowledge / News / Textiles / Karnataka to soon announce Textile Policy 2013-18
Karnataka to soon announce Textile Policy 2013-18
22
Dec '12
Looking to draw maximum investment in the state’s textile sector during the Global Investors’ Meet slated to be held in 2014, Karnataka state government plans to release Textile Policy 2013-18 early next year, the State Chief Secretary SV Ranganath said. 
 
Speaking at the Industry Meet of Technotex 2012 in Bangalore, he said the policy would offer several incentives to textile entrepreneurs in the state.
 
Mr. Ranganath said the new policy would be an advanced edition of the existing Textile Policy 2008-13 and would focus on enhancing the sector’s competitiveness.
 
The existing policy, which is to end in 2013, has so far drawn investments worth around Rs. 50 billion in the sector, he noted.
 
Karnataka’s Textile Commissioner DA Venkatesh said consultations would be held with all industry stakeholders prior to formulation of the new policy. 
 
He also requisitioned Central Government’s intervention in granting capital subsidy for setting up textile industries in the state and for increasing import duty to cut raw-material imports.
 
Highlighting other initiatives of the state government to boost the sector, Union Ministry of Textiles Secretary Kiran Dhingra said the Ministry of Textiles is to co-host Technotex 2013 with the Federation of Indian Chambers of Commerce and Industry (FICCI).
 
The expo would further a platform to the technical textile industry of the country to exhibit its potential, strength and prospects before international textile community.
 
Noting that the state houses 72 registered technical textiles producing firms, Mr. Ranganath said the various textile products and related technology in the state would be showcased during the expo scheduled to be held at Pragati Maidan in New Delhi from January 17-19, 2013.
 
Mumbai hosted the first edition of Technotex in 2011.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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