AP signs MoUs for 12 textile units
The Andhra Pradesh Government is encouraging the textile sector in a big way and entrepreneurs should make use of the benefits being offered by the State as well as the special package given by the Union Government in the Budget to set up more units, according to K Srikanth Prabhakar, the Joint Director in the office of the Commissioner of Handlooms and Textiles, AP.
The Andhra Pradesh Government is encouraging the textile sector in a big way and entrepreneurs should make use of the benefits being offered by the State as well as the special package given by the Union Government in the Budget to set up more units, according to K Srikanth Prabhakar, the Joint Director in the office of the Commissioner of Handlooms and Textiles, AP.
He was speaking at an interaction session with entrepreneurs in which the State Government officials, the Union Government and the AP Chambers of Commerce and Industries Federation participated.
He said during the recent CII partnership summit here 12 MoUs were signed by the State Government with different companies for setting up 12 apparel units in the State entailing investment of Rs 963 crores in all and generating 46,000 jobs. “These 12 projects will come up in the next one to one-and-a-half years. Four of the units will come up in the Brandix apparel park here, including two by Chinese companies, five units in Anantapur district and the remaining in Chittoor district,†he added.
