Bengaluru, Nov. 4 -- The Karnataka textile sector attracted Rs 4,292 crore in investments at the ongoing Global Investors Meet (GIM) in Bengaluru , according to a report in The New Indian Express.
The textile sector attracted investments from the state players with Manjushree Garments committing Rs 340 crore and Shahi Exports Rs 150 crore. The sector is expected to generate 36,457 jobs in the coming years.
Speaking on the occasion, Department secretary Pankaj Kumar Pandey said initiatives such as 5 per cent interest subsidy to mega industries and MSMEs, incentives and concessions up to 100 per cent, enhancement of wage subsidy from Rs 1,500 to Rs 3,000 in Kalyana Karnataka region, and Rs 1,000 to Rs 2,000 in the rest of the state, co...