By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
India Times NowIndia Times NowIndia Times Now
Notification Show More
Font ResizerAa
  • India News
    India News
    Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.
    Show More
    Top News
    The States Braces for Protests Over New COVID Rules
    August 29, 2021
    R. Venkataramani re-appointed as Attorney General
    September 26, 2025
    CPI(M) fielding candidates with criminal links: Satheesan
    November 30, 2025
    Latest News
    Residents complain of suffocation after open landfill site catches fire near Gudiyatham
    April 26, 2026
    Two flee police custody in Kochi, one nabbed
    April 26, 2026
    66% turnout for civic polls as people brave heat to vote in Gujarat
    April 26, 2026
    NTR Collector urges public to avoid panic buying of fuel
    April 26, 2026
  • Technology
    TechnologyShow More
    Strengthening the Team: Thryve PR Onboards Pranjal Patil as PR Executive & Project Manager
    October 1, 2025
    How to Take the Perfect Instagram Selfie: Dos & Don’ts
    October 1, 2021
    Apple iMac M1 Review: the All-In-One for Almost Everyone
    Hands-On With the iPhone 13, Pro, Max, and Mini
    September 4, 2021
    Apple VS Samsung– Can a Good Smartwatch Save Your Life?
    August 30, 2021
  • Posts
    • Post Layouts
      • Standard 1
      • Standard 2
      • Standard 3
      • Standard 4
      • Standard 5
      • Standard 6
      • Standard 7
      • Standard 8
      • No Featured
    • Gallery Layouts
      • Layout 1
      • Layout 2
      • layout 3
    • Video Layouts
      • Layout 1
      • Layout 2
      • Layout 3
      • Layout 4
    • Audio Layouts
      • Layout 1
      • Layout 2
      • Layout 3
      • Layout 4
    • Post Sidebar
      • Right Sidebar
      • Left Sidebar
      • No Sidebar
    • Review
      • Stars
      • Scores
      • User Rating
    • Content Features
      • Inline Mailchimp
      • Highlight Shares
      • Print Post
      • Inline Related
      • Source/Via Tag
      • Reading Indicator
      • Content Size Resizer
    • Break Page Selection
    • Table of Contents
      • Full Width
      • Left Side
    • Reaction Post
  • Pages
    • Blog Index
    • Contact US
    • Search Page
    • 404 Page
    • Customize Interests
    • My Bookmarks
  • Join Us
Reading: Karnataka government rules out closure of KSIC factory, construction of stadium
Share
India Times NowIndia Times Now
Font ResizerAa
  • Finance ₹
  • India News
  • The Escapist
  • Entertainment
  • Science
  • Technology
  • Insider
Search
  • Home
    • India Times Now
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
  • Bookmarks
    • Customize Interests
    • My Bookmarks
  • More Foxiz
    • Blog Index
    • Sitemap
Have an existing account? Sign In
Follow US

Home » Karnataka government rules out closure of KSIC factory, construction of stadium

India News

Karnataka government rules out closure of KSIC factory, construction of stadium

Times Desk
Last updated: March 9, 2026 2:29 pm
Times Desk
Published: March 9, 2026
Share
SHARE


Contents
    • At a glance
  • Historic place
  • Additional production
  • ‘Victory for workers’

The State government on Monday (March 9, 2026) informed the Legislative Assembly that the Karnataka Silk Industries Corporation (KSIC) Filature Factory at T. Narasipura in the Mysuru district, popularly known as the Mysore Silk Factory, will not be closed and the plan to construct a stadium on its premises has been shelved.

Minister for Sericulture and Animal Husbandry K. Venkatesh informed that plans are being made to boost production to meet the rising demand for the premium silk brand, Mysore Silk. The 114-year-old factory earned a net profit of ₹101.15 crore in 2024–25. It produced 3,10,667 saris during the last three years (2022–23 to 2024–25) and sold 3,09,659 saris, recording more than 99% sales.

Replying to a question from T.S. Srivathsa (BJP), the Minister said the factory earned net profits of ₹46.75 crore, ₹73.40 crore, and ₹101.15 crore in 2022–23, 2023–24, and 2024–25, respectively.

At a glance

Number of saris sold: 1,03,347

Net sales: ₹296.20 crore

Net profit: ₹101.15 crore

Historic place

The Minister’s clarification came amid a proposal to construct a sports stadium on the factory land. The factory, established in 1912 by Nalvadi Krishnaraja Wodeyar, supplies raw silk to weaving units and supports the production of the famous Mysore Silk saris. The Minister said some officials provided wrong information and misguided the employees and the public about the closure of the unit.

Mysuru MP Yaduveer Krishnadatta Chamaraja Wadiyar had earlier met Chief Minister Siddaramaiah and submitted a plea seeking protection of the factory.

The Minister admitted that women often stand in queues for more than three hours outside KSIC showrooms to buy saris. Buyers can also place orders through the KSIC online portal, though the range of choices is limited, he said. Mr Srivathsa underlined the need to bridge the demand-supply gap.

Additional production

To meet the growing demand, an additional 7,500 metres of fabric is being produced every month using extra looms at the T. Narasipura unit and Channapatna, the Minister said.

Intervening in the discussion, Leader of the Opposition R. Ashok, who visited the factory last week, said some employees were reportedly being paid ₹3,000 per month, which he described as negligible compared to the minimum wages fixed by the government.

Mr. Ashok suggested that the government identify alternative land in the district for constructing the stadium and take steps to protect both the factory land and the GI-tagged Mysore Silk saris, known for their distinctive sheen and texture.

Suresh Gowda (BJP) urged the government to appoint an efficient managing director to the corporation to help meet the rising demand for saris.

Sources told The Hindu that “a powerful Minister” had been attempting to shut down the mother factory to set up a private silk unit near Bengaluru.

‘Victory for workers’

Mr. Ashok, in a post on X, said, “The Congress government has finally been forced to withdraw its bizarre proposal to construct a stadium on the five-acre land of the historic KSIC Filature Factory at T. Narasipura. It is a clear victory for the workers and for all those who stood up to protect KSIC Mysore Silk — a proud symbol of Karnataka’s heritage.”

Around 200 employees of the KSIC mother unit had been staging a protest opposing the proposed acquisition of land for a sports stadium.

The Congress government has finally been forced to withdraw its bizzare proposal to construct a stadium on the 5-acre land of the historic KSIC Filature Factory at T. Narasipura, established in 1912 by Nalvadi Krishnaraja Wadiyar. The announcement made in the Assembly by… https://t.co/8Igom2lUFipic.twitter.com/O0t5oAQpJY

— R. Ashoka (@RAshokaBJP) March 9, 2026

Published – March 09, 2026 07:04 pm IST





Source link

West Bengal: Mamata Banerjee calls Election Commission a ‘Tughlaqi Commission’ run by a political party
The political does not get personal in campaign in parts of Assam
CPI(M) demand Centre, State shelve VSP privatisation plans
Centre continues to be evasive on AIIMS for Kerala
Sonam Wangchuk detained under NSA for his ‘provocative speeches’: Ladakh administration
TAGGED:karnataka newsKarnataka Silk Industries CorporationKSIC filature factory T NarasipuraMysore Silk Factory
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Popular News
FashionLifestyleTravelVacation

Delhi’s Red Fort adds aviation, arms and modern art galleries: What visitors can expect

Times Desk
Times Desk
December 17, 2025
Kanthapuram’s outreach yatra gains momentum ahead of Samastha centenary
THTalksBengaluru: Pose a question to the City Police Commissioner
Telangana bandh affects transport services, protestors demand enhanced BC reservations
Chennai’s iconic annual fair at Island Grounds turns 50
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
© INDIA TIMES NOW 2026 . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?