Kitex investing Rs. 3,000 cr in TS
To create employment opportunities to over 28,000 people in the State
Kitex Group CMD Sabu Jacob (L) with KTR, Jayesh Ranjan and CII Telangana members
Hyderabad: Kerala-based textile manufacturer Kitex Group, which initially planned to invest Rs 1,000 crore, has announced an overall investment of Rs 3,000 crore in Telangana due to the proactive response from the State government. It is going to provide employment to 28,000 people, with 80 per cent being local women, says Kitex Group Chairman and Managing Director Sabu Jacob during CII Annual Session.
He mentioned that textile industry is primarily a labour intensive sector and few thousands of jobs especially for women will be created. The company is setting up plants at Kakatiya Mega Textile Park in Warangal and at Sita Rampur. The company has moved out of its home State - Kerala two years back, and it has increased its investment in Telangana from Rs 1,000 crore to Rs 3,000 crore over the period. The company’s facilities in the State could export 2.5 million pieces of infant garments to the US. Though several State governments tried to outwit others in attracting the company management, the Telangana government made a dramatic move by sending a private jet to Kerala to ferry the top management and offer them a site at the Kakatiya Mega Textiles Park in Warangal.
The Government of Telangana along with GlobalLinker, announced the winners of the ‘Industries Awards 2022’ on Tuesday at the Annual Meeting on Beyond India@75 held by CII. The 28 awardees were felicitated by Telangana Industries Minister KT Rama Rao.
