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    HomeFinanceKitex investing 3,000 cr in Telangana

    Kitex investing 3,000 cr in Telangana

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    Kitex Group CMD Sabu Jacob (L) with KTR, Jayesh Ranjan and CII Telangana members

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    Kitex Group CMD Sabu Jacob (L) with KTR, Jayesh Ranjan and CII Telangana members

    Hyderabad: Kerala-based textile producer Kitex Group, which initially planned to invest Rs 1,000 crore, has announced an clothing investment funds of Rs 3,000 crore in Telangana owed to the proactive answer from the State government.

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    It is going to supply to 28,000 , 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 proletariat intensive sphere and indefinite but relatively small number thousands of jobs especially for women testament be created.

    The fellowship is setting up plants at Kakatiya Mega Textile Park in Warangal and at Sita Rampur. The fellowship has moved out of its dwelling State – Keralatwo years rear, and it has increased its investment funds in Telangana from Rs 1,000 crore to Rs 3,000 crore over the interval taken to complete one cycle.

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    Rajesh M
    Rajesh M
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