Kitex Group to increase investment in Telangana to Rs 3,200 crore
Children’s wear manufacturer Kitex Group has increased its planned investment in the state of Telangana to Rs 3,200 crore and plans to begin garment production in March, 2023.
Kitex Group has decided to increase its investment in setting up integrated manufacturing units at the Kakatiya Mega Textile Park in Warangal and Sitarampur in Rangareddy by an additional Rs 800 crore, TNN reported. Kitex Group’s managing director Sabu M Jacob recently visited Telangana to attend the foundation stone laying ceremony of the KMTP plant.
When the two upcoming integrated fibre-to-apparel facilities are ready, they will produce 1.2 million garments per day each to total 2.4 million garments per day, Jacob told the Times of India at the event. The project will create around 50,000 direct and indirect jobs in the area, he said.
The business aims to begin manufacturing next spring in a staggered manner. “From cotton spinning, to knitting, bleaching, dyeing, printing, cutting, and sewing, we will be starting in that order at a gap of one to two weeks each,” said Jacob.
“We found the Telangana government very supportive,” said Jacob about the business’ decision to invest in Telangana. “Everything is moving fast and smoothly, which we found very interesting, because initially we just thought let’s see how it goes. But CM and KTR are taking interest, according it top priority as if it’s a Telangana government project.”
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