Related Keywords: boost Make in India campaign, cotton, generate empoloyment, labour intensive industry, mega textile cluster, Mysuru known for sericulture, National vendors meet, printing cluster, silk, special purpose vehicle, to take shape
The textile cluster move, which was mooted in the Union Budget 2014-15, was announced by Pratap Simha, Mysuru MP, at the National Vendors’ Meet which began in the city on Saturday. The project will receive Rs. 50 crore by way of central grant and an additional 25 acres of land is being identified for expansion of the cluster.
A Special Purpose Vehicle (SPV) will be registered under the Companies Act for its implementation and funding.
