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Now, Kitex in talks to invest in Tamil Nadu, Karnataka and Andhra, says Sabu M Jacob
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Kerala Industries department like frog in the well : Kitex Chairman
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Telangana welcomed Rs 1,000 crore investment from Kitex Garments
Kitex Garments Limited, a renowned garments manufacturer located in Kerala, will invest Rs 1,000 crore in the first phase to establish a textile factory at Kakatiya Mega Textile Park in Warangal. Kitex Garments is the world’s second-largest children’s garment producer, and Telangana has benefited from Kerala’s loss. Earlier the company intended to invest 3,500-crore for its project in Kerala, citing harassment the garments manufacturer dropped its plan to invest in its home state.
In the meantime, Telangana actively welcomed the company and secured a guarantee for investment in India’s youngest state. Sabu Jacob, the chairman and managing director of Kitex Garments Limited was traveled on a chartered flight with his team from Kochi to Hyderabad, and in the evening, KT Rama Rao, Telangana’s Minister for Urban Dev, Industry & Commerce, announced via a tweet that the company would invest an initial 1000 crore i
KITEX group to invest Rs 1000 Crores in Kakatiya Mega Textile Park, Telangana Jul 10, 2021, 08:01 IST
Kerala based Textiles Major KITEX has announced that it will invest a number of Rs 1000 Crores to set up their units in Kakatiya Mega Textiles Park.
The announcement came after a series of meetings with the Telangana Industries Minister Sri KTR and a dedicated team from the State Industries Department.
The Kitex Group Management team flew in from Kerala today in a chartered flight arranged by the Telangana State Government for a series of pre-scheduled meetings with the Minister and his team. During the meeting, Minister KTR gave an overview of the progressive investment policies of the state government and also the availability of various resources for the Textiles industry in Telangana. Minister explained about the TSIPASS Single Window clearance system, and the other advantages that Telangana offers. Furthermore, the minister also stated that our State’s cotton is
Kitex Group | Business and politics
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