Karnataka Large and Medium Industries Minister, Mr Murugesh R Nirani recently informed the legislature assembly that, an engineering sector Special Economic Zone (SEZ) in Shimoga has been converted into a Textile Park.
This was purportedly done as no investor came forward to set up a unit in the engineering SEZ. The entire land and related infrastructure has been handed over to Bangalore based, Shahi Export Pvt Ltd.
Fibre2fashion spoke to a senior official of Shahi Export, who confirmed the new development. Shahi Exports will set up facilities related to the textile value-chain with an investment of Rs 5.33 billion.
Shahi Export is a leading Indian garment exporter with manufacturing units located in Delhi, Bangalore, Tirupur and Salem. They have a capacity to manufacture three million pieces of high-quality wovens & knits per month.
Fibre2fashion News Desk - India
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