Tag: development of industrial sector and major industries in karnataka

Karnataka is recognized as the second-largest exporter of textiles in India, following major hubs like Maharashtra or Tamil Nadu.

• The Karnataka government had announced its policy Suvarna Vastra Neethi in 2008 for a period of five years.
• The investors are interested in investing in the areas of spinning, weaving, processing and manufacturing of technical textiles.
  

Mandya is called as Sugar City of Karnataka. Sugar factories contribute majorly to the economy of this district.

The sugar industry in Karnataka is a major agro-based sector that operates on a large scale due to the high volume of sugarcane production.

The Mysuru Sugar Company, located in Mandya, was the primary and only sugar factory in the state until 1951.

Karnataka Sugar Industry ranks 3rd in terms of its contribution of sugar in the total sugar production in the country. 

The first sugar factory in Karnataka was established in 1933. Since then there has been a steady growth of the industry and Karnataka has now emerged as one of the leading sugar producing states in the country.

Mandya is known as the sugar bowl of Karnataka, and the first modern sugar factory was established there.

Some cotton mills have been closed down more recently. The reasons for this are shortage of cotton, obsolete machines, lack of electricity supply, increasing production costs, stiff competition from synthetic fibre cloth etc.

Under the Suvarna Textile Policy, the government established finished goods parks in 11 districts to boost the textile sector.