News Tags

Related Keywords: affected by the reduction in import duty on raw silk, from fifteen percent to ten percent, Karnataka Silk Marketing Board, Karnataka state, revival of price stabilisation fund, sericulture industry, set up cocoon banks, silk testing centres, suggest to set aside two crore, the committee headed by agricultural economist H. Basavaraj

The Karnataka State to support the sericulture industry affected by the reduction in import duty on raw silk from 15 percent to 10 percent has proposed to set up cocoon banks, silk testing centres, and revival of the price stabilisation fund.

Chief Minister Siddaramaiah said that as suggested by the committee headed by agricultural economist H. Basavaraj, the state has set aside Rs2 crore for the establishment of cocoon banks.

Related Keywords: attract investment, ETP and interest subsidy, handloom and power loom, Karnataka state, mega projects, modification in Javali Neethi, push geographical distribution, spinning, strengthen textile value chain activities, Technical textile, textile and garment units, Textile parks, textile policy, weaving

Karnataka comparing with the policies of Maharashtra and Gujarat has made some modification in its Javali Neethi (Textile Policy) 2013-18 with an aim to not only strengthen its textile value chain activities but also to spur technical textiles and go for an aggressive push for geographical distribution of textile and garment units.

The State is encouraging investments in almost all the sub-sectors of textile in the form of Textile Parks, Mega Projects, Integrated units and MSME units.

Related Keywords: big investments, develop mega Silk Park in Mysuru, expansion plan, garment and textile industry, Himatsingka Linen, Indo Count, integrated silk textile sector, Jockey, Karnataka state, provide direct employment, ranging from silk rearing, Shahi Exports, to manufacture of silk garments

Karnataka, and especially Bengaluru hosts many big garment companies and also known for its garment and textile industry to see big investments in the textile sector. With a cumulative investment of over Rs2,000 cr, the projects are estimated to provide direct employment to more than 5,000 people, mostly women, said additional Chief Secretary in department of Commerce and Industries, Ratna Prabha.

Related Keywords: Baburao Chinchansoor, Bagalkot, Bellary, Bijapur, Chamarajnagar, Channapatna, Davangere, eight textile parks, Karnataka state, Minister for textile, modern textile policy, Mysore and Gulbarga, steady growth curve, textile department, textile park in Yadgir, wool park

Karnataka has always had a tradition of tapping the best across India and the world to trace a steady growth curve across diverse sectors of the economy. Minister for Textile, Baburao Chinchansoor on Saturday stated that the department plans to open eight textile parks in the coming months.

To set up these textile parks, they may require land in the range of 15 to 50 acres. They will be inaugurated in Bellary, Bijapur, Chamarajnagar, Channapatna, Davangere, Bagalkot, Mysore and Gulbarga.