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Kitex receives govt nod for Telangana project

Sep 07, 2021
Kitex receives govt nod for Telangana project

Kitex Garments has received the Telangana Government’s approval for its expansion project in the state.

The aim of Kitex Garments is to set up a Rs 10 billion textile manufacturing unit at the Kakatiya Mega Textile Park in Warangal.  The decision has been announced by Sabu M Jacob, Chairman and Managing Director, Kitex Group after a series of meeting with KT Rama Rao, Minister, Telangana Industry. The decision was announced when Jacob decided to back off from his group’s investment project in Kerala due to harassment by the state government.

According to Kitex Garment, Telangana has been ranked the highest in doing business and is opt for apparel manufacturing because it is the third-largest producer of cotton in the country. As per the statement, the state has sufficient infrastructure facilities and an investor-friendly state policy, so it is very conducive for industrial growth.

Source – Onmanorama

Image Source: Wikipedia

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