State set to climb to top slot in hosiery trade’Special Correspondent
Karnataka Hosiery and Garment Association portal launched
BANGALORE: The Karnataka Hosiery and Garment Association, headquartered here, is bracing up for launching the cluster development approach. This will bring Karnataka back into the prime position in the hosiery and garment trade, particularly when the industry in the State is showing signs of stabilisation in both cost effectiveness and expansion of market.
Speaking to presspersons on the sidelines of a function to launch the portal of the association, President of the Association Sajjan Raj Mehta said here on Wednesday that after Value Added Tax (VAT) was introduced in the country, the trade environment was changing for the better. He said Karnataka still enjoyed prime position in the hosiery trade despite the migration of the trade to Kerala and Tamil Nadu. With the cluster approach, the State would emerge as a leader in the trade, he said.
He said particularly after the recent rupee appreciation, the large-scale hosiery and garment exporters and wholesalers were turning to retail and local markets, which has become extremely competitive. This condition was in fact advantageous for the trade and to the larger sections of the industry. Mr. Mehta stated that it improved the quality of the garment, making it affordable to consumers.
Earlier, former minister and MLC H.K. Patil launched the portal .
The new portal is www.khagas.com