Hyderabad: Telangana Minister for IT and Industries KT Rama Rao (KTR) laid the foundation for the Kerala-based Kitex unit at the Kakatiya Mega Textile Park (KMTP), Warangal, on Saturday. He was accompanied by the Managing Director of the Kitex Group, Sabu M Jacob.
Kitex, one of the largest kids apparel manufacturers, proposed to invest Rs 1,000 crore at KMTP. The project aims to provide nearly 4,000 jobs to the youth of Warangal.
In a tweet, KTR said, “A great first step! Minister @KTRTRS and Kitex MD Sri Sabu M Jacob lay the foundation stone for the mammoth Kitex Apparel manufacturing facility at Kakatiya Mega Textile Park, Warangal. Will create thousands of direct and direct jobs for local youth.”
Kitex is the second-largest manufacturer of infant wear in the world. It will be setting up an integrated Fibre-to-apparel manufacturing cluster with a capacity of 7 lakh garments per day at an investment of Rs 1600 crore.
It is expected to be spread over 200 acres in Kakatiya Mega Textile Park (KMTP), which will employ more than 15,000 people directly and more than 80% of which will be women employees. The first unit will operate by the end of 2022.
In July of 2021, Kitex MD Jacob alleged that he was “kicked out” of Kerala. The company management claimed that they were treated like criminals by the state government. Shortly afterward, Kitex group withdrew its Rs 3,500 crore project from Kerala and met Telangana’s industry minister KTR to discuss his proposal to invest money in the Telugu state.
In July of 2021, Kitex MD Jacob alleged that he was “kicked out” of Kerala. The company management claimed that they were treated like criminals by the state government. Shortly afterward, Kitex group withdrew its Rs 3,500 crore project from Kerala and met Telangana’s industry minister KTR to discuss his proposal to invest money in the Telugu state.
Jacob said that the Telangana state government has offered a “wide range of incentives and facilities” for his venture.
In September of 2021, the company signed a Memorandum of Understanding (MoU) with the Telangana state government for investing Rs 2,406 crore to develop two major industrial projects.
Other Inaugurations
The IT Minister KT Rama Rao also inaugurated the 1st phase of twin projects by Ganesha Ecosphere in the mega textile park, which has invested Rs 350 crore in the manufacture of recycled polyester fiber and yarn among other products.
The plant is being set up on an area of 50 acres. Once fully operational, the two plants will employ more than 1000 people directly and consume approximately 60,000 tonnes of waste PET bottles per annum thereby contributing to the sustainable development of Telangana.
The minister also reviewed investment plans by Youngone Corporation in KMTP. The investment plans include setting up eight manufacturing units at an investment of $120 million which will give employment to 12,000 people.
On the infrastructure side, the Ministers launched the construction of 12 MLD (millions of liter per day) dedicated water supply lines to KMTP to ensure 24×7 quality water supply for the textile industries in the park. The mega textile park will be a preferred destination for setting up textile and apparel manufacturing units in the country.
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