Textile, garments sector is expected to provide employment to over 10 lakh people by 2010
Sector now employs four lakh peopleRevenue expected to jump to Rs. 15,000 crore by 2010Industrial belt for textile, apparel units sought in Srirangapatna-Mysore-Nanjangud area
Bangalore: The textile and garments sector, which currently employs four lakh people, is set to provide jobs to over 10 lakh people by 2010. The sector has the potential to more than double its revenue from the present Rs. 7,000 crore to Rs. 15,000 crore by then.
According to a Vision Document for Textiles/Garments Industries in Karnataka prepared by the Confederation of Indian Industry (CII), with policy initiatives in terms of infrastructure development and tax and labour reforms, the sector can grow much more in the next three years.
With the Indian textile trade growing at 5.8 per cent and the apparel trade at 9.6 per cent, Karnataka has had a steady combined growth rate of 19.6 per cent over five years and a remarkable 63 per cent growth in the past year alone.
Considering the expectations of international buyers, which include supply chain strength, cost factor and labour policy, the State has to expedite the process of improving infrastructure in the industrial belts, introduce promotional tax policies and introduce reforms in labour laws, the document says.
The Government should facilitate infrastructure development projects, especially construction of approach roads in the industrial areas of Yeshwantpur and Peenya in Bangalore where over 50 per cent of the apparel export industries are located. Power and water should also be made available, the document states.
The CII has also urged the Government to develop an industrial belt for textile and apparel units in the Srirangapatna-Mysore-Nanjangud area, where the Cauvery is a good water source.
The establishment of effluent treatment plants and provision of adequate power supply could attract industries from the neighbouring industrial towns in Tamil Nadu such as Tirupur and Coimbatore, the CII has said.