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 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Marten Alkhagen
Swerea IVF AB

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

Mark Paterson
Technical Absorbents Ltd

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Robert Brunner
Devereux

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search