Textile Sector to See Huge Investments

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September 10, 2015 BENGALURU: The state is in for a slew of big-ticket investments in the textile sector. With a cumulative investment of over `2,000 cr, the projects are estimated to provide direct employment to more than 5,000 people, mostly women.

Himatsingka Linen, which already has a plant in Hassan Special Economic Zone, is set to implement a massive expansion plan with an investment of about `1,500 crore to manufacture bedroom linen and other fabrics.

The project is expected to provide employment for another 2,500 persons, Additional Chief Secretary in department of Commerce and Industries Ratna Prabha told Express.

A proposal from Shahi Exports, a major name in the sector, has also been approved for setting of its unit in Bengaluru and expansion of its already existing units in Mysuru and Srirangapatna with an overall investment of about `500 crore. It is estimated to create over 1,000 jobs. Jockey, a subsidiary of Page Industries, is set to implement its expansion plans with an investment of `132 crore in Hassan to manufacture inner garments. It will have employment potential for 700 persons, Ratna Prabha said.

Indo Count, one of the world’s biggest producer of bedspreads, has shown interest to set up a unit in Dharwad, with an investment proposal of `250 crore.

Silk Park in Mysuru

The state government is developing a mega Silk Park in Mysuru under a union government assisted project catering exclusively to the integrated silk textile sector, ranging from silk rearing to manufacture of silk garments.

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