Home / Knowledge / News / Textiles / Karnataka eyes Rs 100bn investment with new textile policy
Karnataka eyes Rs 100bn investment with new textile policy
Sep '13
The Government of Karnataka, a state in southern India, is expecting that the state would attract over Rs. 100 billion in investments once the new textile policy is implemented, state Minister for Textiles and Ports Baburao Chinchansur told reporters in Bangalore.
The draft textile policy will be soon placed before the State Cabinet for approval, the Minister said, according to The New Indian Express report.
The policy has been drafted after due consultation with various stakeholders from the textile sector and also after studying the textile policies of other states like Gujarat, Maharashtra, Tamil Nadu and Andhra Pradesh, the Minister said.
He said once the new textile policy is implemented it will attract about Rs. 100 billion investment in the state’s textile sector and generate nearly 500,000 new jobs over the next five years.
The Minister said the state has received about Rs. 55 billion investment in the textile sector in the last five years, which resulted in the creation of about 250,000 new jobs.
According to the Minister, Karnataka accounts for around 12 percent of all textiles and apparel exported from India.
He informed that the state government has released Rs. 420 million for waiving loans availed by weavers, and another Rs. 270 million would be released for providing houses to weavers and helping them to maintain their looms.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

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

Wendell Rodricks
Wendell Rodricks

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search