KSIC to start new Silk Weaving Unit in city

KSIC to start new Silk Weaving Unit in city

Mysuru: Karnataka Silk Industries Corporation (KSIC) will soon commence works for the construction of a new Silk Weaving Unit, said KSIC Chairman and MLA M.K. Somashekar, here this morning.

Addressing press persons at Hotel Siddharta, he said that the demand for Mysuru silk sarees had increased over the past few years, which had prompted the KSIC to come up with new weaving unit to meet the increasing demand.

“The new unit will have a total of 60 power looms initially, which would be increased to 100. This will also provide employment opportunities to 200 people on outsource basis. KSIC will also make provisions to generate electricity using solar power for the new unit,” he added.

Somashekar said that the new unit was being set up at a cost of Rs. 24.07 crore with Rs. 5 crore being released by the State Government. “We have been using latest machineries for silk weaving and the company aims to manufacture 2,600 additional sarees per month,” he added.

KSIC Chairman and MLA M.K. Somashekar (third from left) seen releasing the design of the proposed silk
weaving unit coming up at KSIC premises on Manandawadi Road at Hotel Siddharta in city this morning as
KSIC officials look on.

He said that the T. Narasipur Weaving Unit was also being installed with latest machineries  to produce good quality sarees. Stating that the KSIC weaving unit in Channapatna would start operations in the next 10 days, Somashekar added that KSIC would produce Mysuru Silk Sarees, which shall be available at a lower price of Rs. 5,000 as the manufacturing cost was much less compared to other units.

Somashekar said that KSIC would also take measures to modernising the showroom at K.R. Circle and added that it has also booked 10 cases against those involved in cheating customers in the name of Mysuru Silk Sarees.

He also took the opportunity to criticise PM Modi by stating that the customers will have to pay more for the sarees as it attracted 5 percent GST.

Somashekar also mentioned that KSIC had recorded a total turnover of Rs. 175 crore during 2016-17 financial year and the aim was to increase the same to Rs. 185 crore by the end of 2017-18 financial year.

KSIC Marketing Manager Banu Prakash, General Managers Krishnappa and Bheemappa, Accounts Officer Jayasheela and others were present.

July 31, 2017

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