Karnataka Signs Rs 2,821 Crore Textile MoUs At Bharat Tex

The Government of Karnataka reaffirmed its commitment to strengthening the state’s position as one of India’s leading destinations for textile and apparel investments during an exclusive session on ‘Investment Opportunities in Karnataka’ held at Bharat Tex 2026.

The session brought together senior government officials, leading textile manufacturers, investors and industry stakeholders to discuss emerging opportunities across Karnataka’s textile value chain, particularly those linked to the upcoming PM MITRA Park at Kalaburagi.

The session commenced with a video presentation showcasing Karnataka’s industrial capabilities, infrastructure and investment potential. A. B. Basavaraj, IAS, Commissioner for Textile Development and Director of Handlooms & Textiles, Government of Karnataka, then delivered the special address.

He highlighted Karnataka’s strong industrial ecosystem, progressive policy framework, infrastructure and the opportunities being created through the PM MITRA Park to attract investments across spinning, technical textiles, apparel, processing and value-added manufacturing.

Garima Panwar, IAS, Managing Director, Karnataka Handloom Development Corporation (KHDC), Government of Karnataka, also addressed the gathering and highlighted opportunities for collaboration between KHDC and the textile industry. She invited yarn manufacturers and apparel companies to partner with KHDC to strengthen the handloom value chain, improve market linkages and promote sustainable growth through initiatives that create value for both industry and artisan communities.

The keynote address was delivered by Rohini Sindhuri, IAS, Secretary to Government, Commerce & Industries Department, Government of Karnataka. She outlined why Karnataka is well positioned to attract textile and apparel investments at this juncture.

She highlighted the rapid progress in the development of the PM MITRA Park at Kalaburagi, the state’s upcoming Textile and Apparel Policy, and its strong industrial ecosystem, skilled workforce, robust infrastructure, investor-friendly governance and ease of doing business. She reaffirmed the Government’s commitment to creating a globally competitive manufacturing ecosystem that supports sustainable industrial growth, innovation and employment generation.

A panel discussion moderated by Sanjay Arora, Business Director, Wazir Advisors, featured Joseph Malit Thomas, Assistant Vice President, Shahi Exports Pvt. Ltd.;  Naren Goenka, Managing Director, Texport Industries Pvt. Ltd.;  Prabhath Singh, Director, Gokaldas Exports Ltd.;  Vimal Kedia, Group Chairman, Manjushree Spintex Pvt. Ltd.

Drawing on their business journeys and expansion experiences in Karnataka, the industry leaders highlighted the state’s strengths as an investment destination, including the availability of a skilled workforce, a robust industrial ecosystem, strong compliance standards, ease of doing business, supportive government policies and quality infrastructure.

Their experiences underscored Karnataka’s potential as a preferred destination for sustainable manufacturing and long-term growth in the textile and apparel sector.

The event concluded with the signing of 12 MoUs representing proposed investments of Rs 2,821 crore and the potential to generate more than 11,020 direct employment opportunities.

The MoUs were signed with leading companies including Shahi Exports Pvt. Ltd. (2 MoUs), Klene Paks Pvt. Ltd., Manjushree Spintex Pvt. Ltd., Colortone Textiles Pvt. Ltd. (2 MoUs), Janatha Technical Textile Park, Bright Global Pvt. Ltd., PurpleStar Hygiene Pvt. Ltd. (2 MoUs), and Rishi FIBC Pvt. Ltd. (2 MoUs).

The proposed investments span several segments of the textile and apparel value chain, including apparel manufacturing, technical textiles, packaging, synthetic textiles and industrial textiles. The commitments further reinforce Karnataka’s emergence as a destination for diversified textile investments.

The session concluded with a formal vote of thanks delivered by C. S. Yogesh, Additional Director (Textile Policy), Department of Handlooms and Textiles, Government of Karnataka, who expressed gratitude to the dignitaries, industry leaders, investors and participants for their presence and contributions to the success of the session.

The successful conclusion of the session and the significant investment commitments reaffirm Karnataka’s vision of creating a globally competitive and integrated textile manufacturing ecosystem. With the development of the 1,000-acre PM MITRA Park at Kalaburagi, supported by progressive industrial policies and strong institutional support, the state continues to strengthen its position as a premier destination for textile and apparel investments in India.