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Sri Lanka invites Kitex to invest in textile unit for investment

Jul 28, 2021
Sri Lanka invites Kitex to invest in textile unit for investment

Kochi, Kerala

The Sri Lankan government has invited Kitex Garments group to invest in the country and offered all support to the Kerala-based company.

According to Kitex, the Sri Lankan Deputy High Commissioner D Venkateshwaran visited the Kitex office on Saturday and held a three hour-long discussion with its managing director Sabu Jacob. Sri Lanka is the second country after Bangladesh to invite the Kitex group to invest in their nation.

Earlier, the Telangana government had invited the company to invest there. After holding parleys with the government officials there, Kitex, the world's second largest manufacturer of kid’s apparel announced its entry into Telangana with an initial investment of Rs 1,000 crore. Karnataka, Uttar Pradesh and Tamil Nadu governments too had invited the garments company.

Alleging harassment by the Kerala government officials, Jacob had announced withdrawal from a Rs 3,500 crore investment project in the southern state in June. However, the Left government has maintained that it had not initiated any enquiry into or inspection of Kitex Garments Ltd, on its own. The inspections were carried out following directives of the National Human Rights Commission (NHRC), Kerala High Court based on complaints from people against the company.

Source: Outlook

Image Source: Google Images

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