Sri Lanka invites Kitex to invest in textile unit for investment
The Sri Lankan government has invited Kitex Garments group to invest in the country and offered all support to the Kerala-based company.
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
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