Gokak Textiles has received an approval for submission of applications to the concerned authorities, for development of an Integrated Industrial Township at Gokak Falls, on a portion of the land, excluding the land on which, the current activities of the company are located. The board of directors at its meeting held on June 13, 2014 has approved for the same.
This development would require approval of the Government of Karnataka, under various agreements and statues, of the Central Government under Environment Law and other statues, of the lenders of the company under loan agreements and would entail a phased implementation thereafter, taking into account, all factors, relevant at the time of implementation.
Gokak Textiles principal activity is to manufacture and distribute textile products. Its products include yarn, blended Yarn, Cotton canvas, fabric, terry towel, knitted garments and other related products.