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.