Karnataka government rules out closure of KSIC factory, construction of stadium
The Hindu
Karnataka government confirms KSIC factory's continuation amidst plans to increase Mysore Silk production, shelving stadium construction proposal.
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.
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 KSIL online portal, though the range of choices is limited, he said. Mr Srivathsa underlined the need to bridge the demand-supply gap.
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