Four firms sign MoU with government to set up textile units in Ballari
- Four entrepreneurs have signed Memorandum of Understanding (MoU) with the State government to set up textile units in Ballari at the recently launched China Model Industrial Development Clusters, an ambitious initiative of the State government.
- Ballari Textile Cluster is among the nine clusters identified and proposed to be set up in the State. The idea is to generate employment for 1 lakh persons where these clusters are located. Ballari is known for its readymade leg wear, particularly jeans, across the country and also in the international market.
- However, a sizeable number of garment units are in the unorganised sector with a sizeable workforce depending on it.
- Royal Intex Apparels, Binary Apparel Park, and Gokaldal Exports, all from the State, and Shahi Exports from Faridabad in Haryana are the four firms to sign the MoU to invest around Rs. 25 crore, Rs. 100 crore, Rs. 80 crore, and Rs. 100 crore respectively.
