Karnataka hosts roadshow in Surat for its investor meet

Posted: Thursday , Apr 22, 2010 at 0304 hrs
Express News Service

The Karnataka government on Wednesday organised roadshows in Surat to attract national players in the textile industry to participate in the global investors’ meet in Karnataka in the first week of June . Goolihatty D Shekhar, Minister of Textile, Youth Services and Sports in Karnataka was present in Surat on Wednesday afternoon with delegates from the textile ministry. Karnataka had recently announced a new policy ‘Suvarna Vastra Neethi’, with the aim to develop the textile industry in the state.

Senior Manager Girish Kamath said: The state government is ready to provide incentives and concessions like capital subsidy, entry tax reimbursement, land acquisition, power subsidy, among others to the investors setting up units in Karnataka. This will be in addition to the incentives provided under the TUF and SITP schemes. The state government has offered small and big textile industries players to avail these opportunities.

Surat Art Silk Cloth Manufacturers Association president Arun Jariwala said the Karnataka government should start educational courses in the state for the benefit of the youth.

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