India, Feb. 27 -- Profit-making KSIC Filature Factory powers GI-tagged Mysore Silk production

By M.T. Yogesh Kumar & B.C. Thimmaiah

A Government-owned Karnataka Silk Industries Corporation (KSIC) Filature Factory in T. Narasipur, the primary supplier of yarn for the famed GI-tagged Mysore Silk sarees woven in Mysuru and Channapatna, is staring at an uncertain future.

Despite posting an annual net profit of Rs. 118 crore, speculation over its possible closure has created anxiety among employees, as neither the District Administration nor the Ministers have issued any official clarification.

Established in 1912 during the reign of Nalwadi Krishnaraja Wadiyar to produce and supply high-quality silk yarn for Mysore Silk sarees, it has con...