Kitex Garments cited ease of doing business, utilisation of better logistics and
infrastructural facilities, incentive and subsidy schemes from the government, proximity
to raw material sources and reduced cost of labour as some of the reasons behind
its investment plan.
"The state of Telangana ranks among highest in ease of doing business
and is an ideal destination for apparel manufacturing as it is one of the largest
producers of cotton in India, has sufficient infrastructure facilities, investor
friendly state policy, thereby very conductive for industrial growth. With liberal
government policy, availability of raw material and various incentives offered by
the state, the company expects to reduce its operating cost, shorten payback period
and drive profits," Kitex Garments had said in a press release in July.
Fibre2Fashion News Desk (DS)
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