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Telangana welcomed Rs 1,000 crore investment from Kitex Garments


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 100 ....

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As Kitex Moves Away To Telangana, CM Vijayan Terms Whole Issue As Attempt To Tarnish Kerala's Image


As Kitex Moves Away To Telangana, CM Vijayan Terms Whole Issue As Attempt To Tarnish Kerala’s Image
by Swarajya Staff - Jul 11, 2021 06:18 AM
Kerala Chief Minister Pinarayi Vijayan. 
After Kitex Garments, which is in the news for a feud with the State s communist government, has decided to enter Telangana with a Rs 1,000 crore investment.
Kerala Chief Minister Pinarayi Vijayan on Saturday (10 July) broke his silence on the Kitex controversy.
Vijayan said all that is now being heard in the State about the industrial scenario was often heard here in earlier years, but such a situation no longer exists.
This issue being raised now against Kerala is nothing but an attempt to shame our state and should be seen as something done with intent, said Vijayan. ....

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