Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Kitex Group plans Rs 3,200 crore investments in Kerala

  

After investing Rs 2,400 crore in two Telangana units, Kerala-based apparel manufacturer Kitex Group plans to invest another Rs 3,200 crore in the state. Sabu M Jacob, Managing Director informs, the group plans to set up two integrated fiber-to-apparel facilities at the Kakatiya Mega Textile Park in Warangal and Sitarampur in the Rangreddy district with an investment of Rs 800 crore. Inaugurating the KMTP plant, Jacob said the plant will create 50,000 additional jobs across both units. These will include 22,000 direct jobs and 18,000 indirect jobs.

Jacob expects the KMTP unit to be completed by January 2023, after various processes will be added in a staggered manner to start production in full swing by March 2023. The plant will be constructed on 460 acres with Telangana government allotting 210 acre at KMTP, another 250 acre at Sitarampur. Construction of the second unit will begin in September-October 2022 and complete in the June-September 2023 quarter. The plant’s technology will be imported from Switzerland while the entire pre-fabricated factory building will be shipped in from the Middle East.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo