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8 textile parks to be opened in Karnataka

State Textiles minister Baburao Chinchansoor on yesterday stated that the department intends to open eight textile parks in the coming months. They will be inaugurated in Bellary, Bijapur, Chamarajnagar, Channapatna, Davangere, Bagalkot, Mysore and Gulbarga, he added. “To set up these textile parks, we may require land in the range of 15 to 50 acres,” […]

Quick Industry Summary
AI
OpportunityNew textile parks and aid signal growth opportunities in Karnataka.

Karnataka Unveils Eight New Textile Parks, Boosts Investment

  • WHAT: Karnataka plans eight new textile parks and a wool park, alongside a 1000-acre Yadgir project.
  • WHO: Garment manufacturers, weavers, spinners, and investors seeking expansion are most affected.
  • IMPACT: Expect increased production capacity and potential for lower operational costs in new clusters.
  • CONTEXT: This aligns with India's national strategy to boost domestic textile manufacturing and exports.
  • ACTION: Evaluate park locations and aid eligibility for potential investment, expansion, or sourcing diversification.
Affects:ManufacturersExportersSpinners & Yarn ProducersWeavers & Fabric MillsGarment ManufacturersSourcing ManagersInvestorsRaw Material SuppliersDyers & Processors
Karnataka textilestextile parksmanufacturing investmentapparel infrastructuregovernment aidtextile clusters
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Textile ParksState Textiles minister Baburao Chinchansoor on yesterday stated that the department intends to open eight textile parks in the coming months.

They will be inaugurated in Bellary, Bijapur, Chamarajnagar, Channapatna, Davangere, Bagalkot, Mysore and Gulbarga, he added.

“To set up these textile parks, we may require land in the range of 15 to 50 acres,” he said, while speaking to the media.

Chichansoor said the already announced textile park in Yadgir will require 1,000 acres of land, with an expenditure of Rs 1,000 crore. In Ranibennur, a wool park is being scheduled on a 27-acre plot.

He said the government has placed before the Centre a sum of Rs 1,000-crore proposal to give aid to entrepreneurs in textile industry, setting up shop in Karnataka.

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