Kitex Group inks MoU to invest Rs 2,400 crore in Telangana, Retail News, ET Retail

HYDERABAD: Kitex Team, which accused the Kerala govt of hounding it out of the point out, has made a decision to ramp up its investment decision committent in Telangana.

From an original announcement of Rs 1,000 crore in a person apparel facility, the enterprise has determined to invest Rs 2,400 crore in setting up two integrated fibre-to-apparel manufacturing clusters in Telangana. This will build 22,000 immediate jobs and near to 18,000 oblique positions.

The two clusters, which will appear up at Kakatiya Mega Textile Park in Warangal and Sitarampur in Rangareddy district, will ship 3 million pieces per yr of apparel for youngsters in the -24 months age group to the US. The information were presented out on Saturday immediately after Kitex Team chairman and taking care of director Sabu M Jacob signed an MoU with the Telangana govt.

The second premier maker of attire for infants at this time

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