The Karnataka government has given the green signal to Kerala-based Kitex Garments to invest Rs 493 crore for a ready-made garments unit for infants in Hassan, Karnataka. The chairman and Managing Director of Kitex Garments, Sabu M Jacob, disclosed, “The government of Karnataka has given approval to the project. Now depending on how fast the government clearances comes through, the project will start.
Our plan is to start commercial production by March 2019.”At a recent meeting, Karnataka’s State Level Single Window Clearance Committee cleared 52 new projects valued at Rs 5,233.82 crore. Of this, investments valued at Rs 2,369.56 crore are approved for Bengaluru.
A release from the State Information Department noted, “An investment of Rs 2,864.26 crore has been approved for places outside Bengaluru. This reiterates the constant endeavour of the government to have overall industrial development of the State.” Jacob said the garments unit would be located in a steel building which would be imported from the Gulf — most likely Saudi Arabia. It will be nut-and-bolts job and would be set up very fast.
“Initially, the unit will have capacity of 1,500 to 2,000 people. In Phase 1, it will produce up to 2-lakh pieces of infant garments. After that, we will expand every six months. We intend to complete the expansion by 2021,” he disclosed. Andhra Pradesh is also luring Kitex Garments to take the company’s investment to that State by offering various sops to the company. The Andhra Pradesh government has given some very compelling proposals to invest in that State. For instance, it has offered free land, support in setting up the building, power at Rs 1 per unit and salary for the staff for three years, he informed.