Apparel company Kitex Garments to invest ₹1K cr in Telangana, India

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)