Home / Knowledge / News / Textiles / Karnataka Govt declares support schemes for weaving industry
Karnataka Govt declares support schemes for weaving industry
17
Nov '08
Chief Minister B S Yeddyurappa of Karnataka applauded the efforts of weavers and praised their contribution to the State economy at the inauguration of district-level weavers' convention at the BEC Grounds, Bagalkot.

He stressed that Government was planning many support schemes to promote this lucrative sector. Over 65,000 artisans with 21,000 handlooms and 13,000 power looms depend on weaving in the district.

Being pleased with the performance of the industry, the CM declared that Government would invest Rs5 billion in the weaving zone within next five years.

This step will be a part of Suvarna Nekarike Yojane initiative undertaken to strengthen the textile industry.

Power would also be supplied at concessional rates and 25 percent subsidy on the amount invested would be given to handloom, power loom and ready-made-garments units under the new textiles policy.

Government was mulling over setting up Devara Dasimayya Development Authority. Two power loom complexes at an estimated cost of Rs18.6 million and Rs7.5 million are expected to be set up in Bilgi taluk and Rabakavi- Banahatti respectively under the Industrial Development Project.

A sum of Rs52.6 million would be used to construct 1,500 houses under the Ashraya Scheme in the district and loan would be advanced to 13,100 power looms through cooperative societies at three percent interest rate.

Must ReadView All

Textiles | On 25th Apr 2017

Greater Manchester is high on its textiles industry

Greater Manchester is witnessing a boom in textiles industry with 77...

Apparel/Garments | On 25th Apr 2017

Indian trade leaders to discuss GST, digital payments

Trade leaders from various Indian states will meet in New Delhi to...

Apparel/Garments | On 25th Apr 2017

Foreign buyers paying less for green factory apparel

International buyers are not paying enough for apparel and garments...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Kevin Nelson
TissueGen

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

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

Igor Chapurin
Chapurin

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

Wendell Rodricks
Wendell Rodricks

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
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