- Kitex To Invest Rs 16,000 cr; Produce 7 Lakh Garments
One of the biggest apparel exporters from the country Kitex Group has started construction of its new integrated fibre-to-apparel manufacturing unit in Kakatiya Mega Textile Park (KMTP), Warangal.
Kitex, which is the second largest manufacturer of infant wear in the world, is setting up this cluster with a capacity of 7 lakh garments per day at an investment of Rs 1,600 crore.
The cluster, expected to be spread over 200 acres, will employ more than 15,000 people directly, over 80% which will be women employees.
The entire investment will be operational by June 2023 with the first unit going live by the end of 2022.
The Telangana govt had acted swiftly last year after seeing reports of the Group’s ‘unpleasant experience’ with the Kerala Govt and after prompted it to look at Telangana for expansion.
The Telangana government had acted swiftly last year after seeing reports of the Kitex Group’s ‘unpleasant experience’ with the Kerala government.
It sent a private jet and invited the top brass of the group, including its Managing Director Sabu M Jacob, and offered them sops to invest in the Greenfield textile park at Warangal.