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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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Triton EV Manufacturing Unit in Zaheerabad Telangana

Triton Electric Vehicle to set manufacturing unit in Telangana with Rs 2100 Crores investment   The Govt. of Telangana and Triton Electric Vehicle Pvt. Ltd entered into a Memorandum of Understanding (MoU) for the establishment of a manufacturing unit for electric buses at NIMZ Zaheerabad. With an investment of Rs 2100 Crores Triton Electric Vehicle Pvt. Ltd will establish an ....

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