Contact us on +022 2419 3000 or indiantextilejournal.com.

Textile firm Kitex to invest Rs 10 bn in Telangana

Jul 14, 2021
Textile firm Kitex to invest Rs 10 bn in Telangana

Hyderabad

Kitex Garments Limited, a Kerala-based company has announced an investment of Rs 10 billion for the setting up of a textile unit at Kakatiya Mega Textile Park in Warangal. Sabu M Jacob, Managing Director, Kitex has said that there will be more investments by the group in the state. The group has a good interaction with IT and Industries Minister KT Rama Rao regarding future investments in the state. He also said that he will be visiting Telangana again to discuss several aspects and some decisions related to the election of land for setting up the proposed unit in the state are to be taken.

When Jacob was asked about the experience of meeting with Rama and the officials, he said, the minister is very aggressive and is looking forward to bring investments and employment into the state. He is personally involved in whatever he is doing.

According to the company delegation, the state has investment-friendly policies and a conducive atmosphere for the promotion of the textiles industry. It was also said that the Group is looking forward to a positive investment in Telangana.

Source – Telangana Today

Image Source

Also Read:

https://indiantextilejournal.com/latest-textile-industry-news/kitex-group-withdraws-from-rs-35-bn-project-in-kerala-

https://indiantextilejournal.com/latest-textile-industry-news/kitex-sends-rs-1-billion-notice-to-mla-for-false-accusation