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

Pic: Shutterstock

Textiles | On 24th Sep 2020

IDH-Apparel Impact Institute launch Tier 1 Vietnam project

The Netherlands-based IDH-the Sustainable Trade Initiative and the...

Pic: Shutterstock

Textiles | On 24th Sep 2020

Global economy to contract by over 4% in 2020: UNCTAD

The global economy will contract this year by over 4 per cent, with...

Pic: UC SANTA BARBARA

Textiles | On 24th Sep 2020

US scientists assess synthetic fibres pollution on land

Scientists in the US have said that the volume of synthetic...

Interviews View All

Smita Murarka, Amanté

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Top executives, Textile industry

Top executives
Textile industry

Sri Lanka has a good sustainable track record and strong stories to back it

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

N Nithyanandan,

N Nithyanandan

Incorporated in 1999, Purani Textiless Private Limited is one of the...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

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

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


September 2020

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


Advanced Search