Karnataka woos textile industries from Tamil Nadu


Coimbatore: Highlighting the problem being faced by textile industry in Tamil Nadu, such as power and pollution, Karnataka has invited entrepreneurs to invest in that State.

Inaugurating a ‘global investors meet’, a roadshow to showcase advantages for the industries investing in Karnataka, on Friday, Karnataka Textile minister, R Varthur Prakash, said Government has brought out innovative schemes to attract investment in the textile sector.

There was no no power cut in the State and availability of labour was in plenty, he said, adding, Karnataka did not have any pollution related issues for processing sector The policy ‘Suvarna Vastra Neethi’, was framed in such a way, understanding the requirements of textile entrepreneurs from Tamil Nadu, Prakash said.

Karnataka woos textile industries from Tamil Nadu
 

Karnataka has seen an approximate new investment of more than Rs 2,700 crore during the last policy period, with more than Rs 2,800 crore investments in the pipeline, a release, quoting him, said on Saturday.

Made in Italy textile machinery workshops in India



ACIMIT, the Association of Italian Textile Machinery Manufacturers, is organizing two important workshops in Mumbai and Ichalkaranji (India). Italy’s response to the strong demand for technology by the local textile industry.

India is the world’s second largest market in terms of value for textile machinery imports (amounting to 1.11 billion euros). Italian technology is especially in demand. In fact, 133 million euros worth of Italian textile machinery was sold to India in 2011, a 19% increase compared to the previous year.

“Our companies have been observing developments in India for some time now,” states Sandro Salmoiraghi, President of ACIMIT, “Business opportunities have multiplied, particularly in recent years, owing in part to the incentives set up by the Indian authorities to promote the modernization of local industry.”

To meet this growing demand for Made in Italy textile machinery, ACIMIT is organizing two important events with Indian textile manufacturers. Mumbai and Ichalkaranji will play host to two workshops to be held on May 8 and 10, at which various Italian machinery manufacturers will be presenting their latest technology proposals.

The following Italian machinery manufacturers will be taking part: Canalair, Cs Automazione, Fimat, Flainox, Itema, Jaeggli Meccanotessile, Ptmt, Smit, Testa. The workshops, organized by ACIMIT, are part of the “Machines Italia in India” program financed by the Ministry for Economic Development, which has entrusted the organization to the Federmacchine group (the Federation of Italian Manufacturers of Capital Goods).

“Machines Italia in India” is an initiative aimed at supporting the internationalization activities of businesses in the sector, in an area that is currently experiencing some of the most intense economic development anywhere in the globe.

 
ACIMIT