Home / Knowledge / News / Textiles / Indian state Karnataka receives Rs 10bn as textile package
Indian state Karnataka receives Rs 10bn as textile package
Oct '13
The Indian Government has granted the state of Karnataka Rs. 10 billion as a special textile package for the revival of nine spinning mills in the region and converting cooperative loans given to beneficiaries into equity shares.
The Karnataka state textiles minister, Baburao Chinchansoor, said at a conference of state textiles ministers in Delhi, that out of the total amount, Rs. 100 million would be paid to state run banks towards dues raised to build the integrated textile park at Doddaballapur, near Bangalore, as well as to set up textile parks and skill development centers across the state, reports Business Standard.
Mr. Chinchansoor said that a part of the fund would be used to increase the minimum wage of weavers in the region, as well as to pay arrears incentives and subsidies to investors.
The Karnataka state textiles ministry also plans to set up an international textile park at Yadgir and a skill development centre at Gulbarga, in the northeast region of the state with funds from the special package.
The funds would also be used to train unemployed youth in skills required by handloom and powerloom units, the state textiles minister added.
The government of Karnataka also proposes to build a new port under the public private partnership (PPP) model at a cost of Rs 6 billion at Honnavar port town in Uttara Kannada district, and would also be laying the foundation stone for the port during the second week of November, 2013.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

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

Paolo Ocleppo
Sandvik Hyperion

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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