Home / Knowledge / News / Textiles / Karnataka modifies Textile Policy
Karnataka modifies Textile Policy
13
Oct '15
The Karnataka government has modified its Textile Policy 2013-18 to strengthen textile value chain activities and to boost technical textiles. The modified policy will also facilitate an ambitious programme for geographical dispersion of textile units, a leading newspaper has reported.

Karnataka is on a textile industry investment overdrive and is actively promoting investments in textile parks, mega projects, integrated units and MSME units. According to a government official, the state is targeting Rs 8000 crore of investment by 2018 with an employment potential of 4 lakh.

Under the modified policy, a two-pronged approach seeks to strengthen the existing value chain and fill the gaps in creating the facilities for value chain activities.

Activities such as spinning, weaving, knitting, processing, garmenting, and other support ancillary activities like textile machinery manufacturing are also part of the focus of the modified policy.

The textile policy has been modified after studying the policies of Maharashtra and Gujarat, the official said.

Under the policy, the government is offering a basket of incentive for credit linked subsidy, power subsidy, ESI/EPF reimbursement, entry tax and stamp duty reimbursement, ETP and interest subsidy, he said. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Indian investors interested in denim production in Vietnam

Textiles | On 16th Aug 2018

Indian investors interested in denim production in Vietnam

Indian fabric firms are shifting attention from China to Vietnam,...

India's textiles, apparel exports fall by ₹8000 cr: Govt

Apparel/Garments | On 16th Aug 2018

India's textiles, apparel exports fall by ₹8000 cr: Govt

India’s textiles and apparel exports dropped by nearly ₹8,000 crore...

Interviews View All

Top executives
Textile industry

It will take some time for the people to change their buying choices

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Igor Chapurin
Chapurin

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

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Judy Frater
Somaiya Kala Vidya

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

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search