The Karnataka government is interested in central government’s scheme to set up set up seven mega textile parks across India. The state government has sent a proposal to set up textile parks but is yet to receive a reply from the centre. Pankaj Kumar Pandey, Principal Secretary, Karnataka says, the parks will be set up on 1,000 acre in states offering investor friendly policies, good connectivity through road, rail and port, regular water and power supply.

The Centre has also launched the Production Linked Incentive Scheme (PLI) where it will offer incentives for five years to the textile industry, adds UP Singh, Secretary to the Textile Ministry. Through this scheme, industries with Rs 600 crore turnover can avail 15 per cent incentive in the first year, which decreases year on year by one per cent for five years. Those with Rs 200 crore turnover can avail 11 per cent incentive every year, which decreases by one per cent each year for five years when the scheme ends. The government has set up a fund limit of Rs 10,683 crore for five years.