The upcoming Textile and Garment Policy 2025-30 will help Karnataka position itself as India's new textile and apparel (T&A) capital, says K Jyothi, Textiles Commissioner. Focusing on technical textiles, the policy will announce increased incentives for investors, she adds. It will also propose the development of two new technical textile units, she states further.
Adopting a comprehensive approach, the policy will incorporate feedback from stakeholders at all levels, emphasizes K Jyothi. It will be finalized and implemented before the next financial year, she adds.
Sanjay Arora, Transaction Advisor, PM Mitra Park, says, while not a direct copy, the new policy will emulate successful models like China’s ‘sock city.’ The Indian fashion industry is becoming increasingly mature with consumers now purchasing clothes seasonally rather just during festivals, Arora highlights. This changing frequency of their clothing purchases, presents a significant opportunity for the textile sector, he adds.
With exports increasing to $100 million, India’s textile market is projected to reach $350 billion by 2030, avers Arora. The PM Mitra textile park in Kalaburagi will include a dedicated zone for traditional handloom weavers, protecting their interests, he assures.
The Invest Karnataka 2025 GIM attracted a diverse range of investors, including established businesses and young entrepreneurs. The event witnessed significant commitments to the state's textile sector. For instance, Big Bags International pledged to invest $100 crore for a technical textile unit. Other MoUs totaling approximately $50 crore were signed for garment manufacturing, a poly-woven socks printing unit, and rapier weaving units.
