Karnataka Eyes Opportunity as Unrest Disrupts Bangladesh Textile Sector
2024-08-08 12:59:43
Although unrest disrupts Bangladesh's textile sector, Karnataka sees an opportunity.
Karnataka stands poised to capitalize on the disruption facing Bangladesh’s textile industry, as recent unrest in the neighboring country presents a potential advantage for India’s garment sector, according to Textiles Minister Shivanand Patil. Speaking at an event commemorating National Handloom Day on Wednesday, Patil emphasized that the instability in Bangladesh could benefit India’s textiles sector, and the state is preparing to leverage this situation.
Patil noted that the turmoil in Bangladesh's garment industry creates a favorable opportunity for Karnataka. “The disruptions in Bangladesh are likely to impact their garment industry. This is an opportunity for us to explore and make the most of,” he said.
Addressing the challenges faced by Karnataka's handloom sector, Patil highlighted the decline in income levels which has led many weavers to abandon their craft. He added that despite various welfare schemes provided by both state and central governments—including subsidies for electricity, low-interest loans, and educational scholarships for weavers’ children—the profession is struggling to attract and retain workers.
