Kitex Group to invest ₹2,400 crore in Telangana
The Hindu
Move to give jobs to 22,000 people most of whom will be women
The Telangana government and Kitex Group, one of the largest garment manufacturers, signed an MoU under which the latter would invest ₹2,400 crore in the State and generate employment for 22,000 people, majority of whom will be women.
The Kitex Group will commence operations in Warangal in November 2022, IT Minister K.T. Rama Rao said.
Speaking on the occasion on Saturday, Kitex Group MD Sabu Jacob said, “I committed ₹1,000 crore investment and 4,000 employment. Today, I am glad to announce that I increased it and met more than the expectation,” he said.
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