Garment sector of Karnataka attracts huge investment. | So Good News
Karnataka’s apparel sector has attracted major investments from the state’s players such as Manjushree Garments. 340 crore and from Shahi export Rs. 150 crores.
According to reports, the companies made these announcements at the Invest Karnataka-2022 Global Investors Meet (GIM). State Textiles Minister Shankar Patil Munenakoppa termed the Government’s Textiles and Clothing Policy 2019-2024 as a success.
Four textile parks on the PPP model on the Bengaluru side, which will soon be called for tenders, were also highlighted during the event.
T Ramalingam of Shahi Exports lauded the government for its policy and observed that the industry has a long way to go as all machinery, including sewing and knitting machines are imported.
“We are missing the bus for technological advancement and not using artificial intelligence to develop the textile sector. None of the textile machinery is made in India except the spinning mills from Coimbatore and we are paying huge amounts to import them. Unfortunately, “All the raw materials, especially the dyes, are from China,” he said.
Naseer Humayun The state is expected to take a giant leap to become the garment capital of the country.
Koushaldendra Narayan of Silver Spark and few other apparel industry players were also present.