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Road show to attract textile investors to Karnataka

23
Apr '10
To attract national companies in the textile industry to take part in the international investor's meet in Karnataka during the first week of June, the Karnataka government had organised road shows in Surat, Gujarat.

Gracing the road shows in Surat were Goolihatty D Shekhar, Minister of Textile, Youth Services and Sports in Karnataka, along with other members of the textile industry.

Further more, with an aim to expand the textile industry in state, Karnataka had recently announced a new policy, 'Suvarna Vastra Neethi'.

In addition to the perks available under the TUF and SITP schemes to investors who intend on setting up units in Karnataka, they will also be given other subsidies such as easier land acquisition, power subsidy, capital subsidy, entry tax reimbursements and the like. All these incentives will be offered to both small and large-scale textile industries, avers an industry expert.

Fibre2Fashion News Desk - India


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