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Friday, 03 September 2021 12:27

Telangana government approves Kitex Garment’s expansion plan

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The Telangana government has approved Kitex Garment’s expansion plans. The company has agreed to invest Rs 1,000 crore to set up apparel manufacturing facilities in Telegana which will create 4,000 additional employment opportunities over the next two years. It expects to reduce operating costs, shorten payback period and drive profits with liberal government policy, availability of raw material and various incentives offered by the state.

Kitex Garments is in the business of manufacturing and exporting garments. The company manufactures different types of garments such as shirts, pants, jackets, innerwear and outerwear. The company also exports infant and children's wear and jackets to the United States. Hoping to get some new orders from existing/ new buyers from across globe considering trade war between US and China, the company is continuously monitoring the current situation.