The Karnataka Government has been urged by the South India Garments Association (SIGA) to take action in order to create a Special Economic Zone (SEZ) that is only open to small and medium-sized textile companies operating in the state.
The State Government has created textile parks to serve the needs of large textile companies, but as of right now, there are neither textile parks nor Special Economic Zones for the benefit of small and medium-sized textile companies that bring in money for the state Government and support people by creating jobs, according to Anurag Singhla, president of the South India Garments Association (SIGA). Additionally, he urged the state Government to develop accommodating regulations for textile businesses that are small and medium-sized.
The lack of demand for clothing is causing the majority of small and medium-sized textile enterprises to operate below capacity. In the past, the average person would purchase ten outfits annually. Due to a shortage of funds, a person’s purchasing capacity has now decreased from ten clothes annually to two, he stated.
He underlined that SIGA has helped the apparel industry and trade for almost thirty years, becoming an essential conduit between the two sectors and the Government.
He also mentioned that the 30th SIGA Fair will be held by the South India Garments Association in 2025, starting on 29th July and lasting three days.
Over 100 brands will be on display during the course of the three-day clothing fair. “We anticipate that approximately 2,000 retailers from Karnataka and neighbouring states will attend the exhibition,” he stated.
Several well-known textile enterprises from Mumbai, Ahmedabad, and Surat will also be taking part in the three-day show, according to Rajesh Chawat, SIGA Secretary. “We anticipate that the exhibition will bring in between Rs. 100 crore (US $ 11.51 million) and Rs. 150 crore (US $ 17.26 million) in revenue,” he stated.
