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Kitex Group withdraws from Rs 35 bn project in Kerala

Jul 02, 2021
Kitex Group withdraws from Rs 35 bn project in Kerala

Kochi, Kerala

Kitex Garments, the biggest private sector employer in Kerala, has announced its withdrawal from a Rs 35 billion investment project due to a witch hunt by the government. Kitex Group, the world’s second-largest manufacturer of kids’ apparel, had signed a memorandum of understanding with the Kerala government at the 'Ascend Global Investors Meet' in Kochi early this year. But the group seems to be withdrawing from the huge project for which this MOU was signed. The main plan was to establish industrial parks at Thiruvananthapuram, Kochi, and Palakkad and also to open an apparel park in Kochi.

According to Sabu M Jacob, Chairman, Kitex group, the group had already acquired 30 acres land for the apparel park at Kizhakkambalam in Kochi. He believed that this project would have given employment to 20,000 people but due to the continuous harassment by the Kerala government, the group has decided to scrap the project. According to him, in past one month, 11 teams of officers have raided the company.

He also said that another team from the pollution control board was supposed to visit on Tuesday. The team comprises 40 to 50 officials who search every nook and corner of the company. They even grill the employees and don’t follow Covid protocols as well. He showed his anger with the government and appreciated the government of neighbouring states.

Source – The Indian Express

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