
Kerala’s Kitex Group to invest ₹1,000 cr in TS
The Hindu
Decides on Kakatiya Mega Textile Park for apparel manufacturing facility, 4,000 jobs to be created
Kerala’s loss seems to be Telangana’s gain with the Kitex Group on Friday agreeing in principle to set up a ₹1,000 crore apparel manufacturing facility at Kakatiya Mega Textile Park in Warangal. It will be the first phase of investment Kitex has agreed to make, which is expected to create 4,000 jobs, over two years in the State. An official announcement in this regard capped the intense efforts by Telangana to woo the Group, which recently threatened to drop a ₹3,500 crore investment plan in Kerala alleging harassment by the administration there. Sources said Telangana made a determined, strong pitch to Kitex, highlighting among other things how the State government respects wealth creators and how mega projects such as those of the Kochi-based group are eligible for tailor-made incentives.More Related News

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