The Karnataka’s apparel sector has attracted heavy investment from the state’s players, such as Manjushree Garments committing Rs. 340 cr and Shahi Exports committing Rs. 150 cr.
As per reports, the companies made these announcements at the Invest Karnataka-2022 Global Investors Meet (GIM). Shankar Patil Munenakoppa, Textiles Minister of the state attributed the achievement to the Government’s textile and apparel policy for 2019-2024.
It was also highlighted during the event that four textile parks on PPP model have been planned in places beyond Bengaluru, for which tenders will be called shortly.
T Ramalingam of Shahi Exports appreciated the Government for its policy and also observed that the industry has a long way to go as all machinery, including sewing and knitting machines, are imported.
He said, “We are missing the bus on technological improvement, and are not using artificial intelligence to develop the textile sector. None of the textile machines, except the spinning ones from Coimbatore, are made in India, and we are paying huge amounts to import them. Unfortunately, all raw materials, especially dyes, are from China.”
Naseer Humayun, hoped the state takes a big leap in becoming the garment capital of the country.
Koushaldendra Narayan of Silver Spark and few other players of apparel industry were also present during the event.
