With
an annual turnover of $ 1 billion the booming textile industry
of Bangalore is
helping the Silicon City to earn yet another tag
name -- the 'Garment City'. Cashing
on Bangalore's international brand value and its
garment industry potential the
government has unveiled a mega plan to set up an
international standard 'Apparel
Park' close to Bangalore, where all the activities
starting from procurement of material
to exporting will take place at one common point.
The $ 72 million project funded by
the state and central government will be developed
as an industrial township with
state-of-the-art infrastructure under the guidance
of a special purpose vehicle set up
by the Karnataka Industrial Area Development Board,
which is the project
implementing agency. The Apparel Park projects a
turnover of $ 2.2 billion per annum
and an employment potential of 50,000