Tamil Nadu govt invites Kitex to set up textile unit

Tamil Nadu govt invites Kitex to set up textile unit

The government of Tamil Nadu has formally invited garment firm, Kitex Group to start its business and has also offered tax benefits to the firm.

The government of Tamil Nadu has formally
invited garment firm, Kitex Group to start its business and has also offered
tax benefits to the firm.

Sabu Jacob, the
Managing Director, Kitex Group, has given a statement that the government is
carrying out continuous inspections and had also been questioning the employees
of the company. Due to this reason, the group had withdrawn Rs 35 billion worth
project in Kerala. A letter by the vice president of the Tamil Nadu Industries
Minister has been rolled out to the Kitex Group. The government has also put
forward 8 other offers including low-interest rate, subsidy, payment of 20%
salary of staff, and 100% subsidy on stamp duty. The group is yet to take a
final decision regarding carrying out business activities in the neighbouring
state.

According to
Sabu, he was forced to issue a press note due to repeated harassment by
different departments of the government. He also quoted that 11 teams had
raided the premises. Also, 5 states have contacted the group to open garment
units in those states. As per experts, Sabu was targeted because of his
political affiliations.

As soon as the
group announced to pull out the investment from Kerala, the Tamil Nadu
government had invited Kitex to offer a conducive business environment
with low-interest rates and other benefits. 

Source – Times Now News

Image Source: Wikipedia

Also Read:

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

https://indiantextilejournal.com/latest-textile-industry-news/kitex-garments-on-track-for-expansion

 

CATEGORIES
TAGS
Share This

COMMENTS

Wordpress (6)
  • comment-avatar

    As I website owner I believe the content material here is really good , appreciate it for your efforts. watch horse race online

  • comment-avatar

    … [Trackback]

    […] Read More here to that Topic: indiantextilejournal.com/tamil-nadu-govt-invites-kitex-to-set-up-textile-unit/ […]

  • comment-avatar

    … [Trackback]

    […] Find More Information here to that Topic: indiantextilejournal.com/tamil-nadu-govt-invites-kitex-to-set-up-textile-unit/ […]

  • comment-avatar

    Ahaa, its pleasant conversation regarding this article at
    this place at this webpage, I have read all that, so
    now me also commenting here.

  • comment-avatar

    Outstanding post but I was wondering if you could write a litte more on this topic?
    I’d be very grateful if you could elaborate a little bit more.
    Bless you!

    Also visit my page; vpn special coupon code

  • comment-avatar

    Whats up this is somewhat of off topic but I was wanting to know
    if blogs use WYSIWYG editors or if you have to manually vpn coupon code 2024
    with HTML. I’m starting a blog soon but have no coding expertise so
    I wanted to get advice from someone with experience.
    Any help would be enormously appreciated!

  • Disqus ( )