Home / Knowledge / News / Textiles / Karnataka textile policy failed to hit Utopian target: CAG

Karnataka textile policy failed to hit Utopian target: CAG

Oct '19
Pic: Shutterstock
Pic: Shutterstock
The Karnataka Textile Policy 2013-18 failed to achieve its target on investment and employment, according to the Comptroller and Auditor General of India (CAG). The policy had aimed at attracting investments worth ₹10,000 crore and creating jobs for five lakh over five years. But the shortfall was around 63 per cent for investments and 76 per cent in job creation.

The CAG report on economic sector for the year ending March 2018 was tabled in the state legislature recently.

The targets had been fixed without proper assessment of the potential and that it was ‘Utopian’, the report noted.

Imparting of skill development training to unemployed youth was reduced from 2.96 lakh to 1.09 lakh citing inadequate budgetary support, according to media reports from the state.

Six textile parks with integrated facilities planned in different areas of the state with the involvement of private sector had either remained non-starters or were far behind the schedule, the CAG document said.

But ₹6.35 crore had been released to a special purpose vehicle in Kalaburagi, though it had not fulfilled the prescribed conditions. An amount of ₹84.53 crore released for implementation of various schemes had remained in the bank for period ranging from two to five years without utilisation. In another case, the department paid ₹51.89 crore to Bescom as penal interest for not clearing the bills in full, the report added.

Fibre2Fashion News Desk (DS)

Interviews View All

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Headhonchos, Indian fashion industry

Indian fashion industry

Organic the first choice of any environment-conscious person

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Eric Scholler, Groz-Beckert

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Dave Rousse, INDA

Dave Rousse

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

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

Robert Brunner, Devereux

Robert Brunner

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

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search