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Telangana has inked 16 MoUs for Kakatiya Mega Textile Park

26
Sep '19
Pic: Shutterstock
Pic: Shutterstock
Telangana has entered into 16 agreements with various firms to set up factories at the Kakatiya Mega Textile Park in Warangal. The process of land allotment is under way and direct and indirect employment for 1.13 lakh people would be generated after full implementation of the project, State industries minister KT Rama Rao told the state assembly.

Among those who are establishing base at the park, Warangal-based Kasam Industries will be setting up a ₹100-crore textiles manufacturing unit at the park. The unit, comprising spinning and yarn mills, may also have a dyeing unit. The company plans to hire around 500 people.

The company will send its yarn for printing in Surat and once the final textile products are made, those will be sold at the group’s retail company Maangalya Shopping Malls’ stores spread across Telangana and other retailers and wholesalers, according to media reports from the state.

Maangalya Shopping Malls is going to open its seventh store in Kukatpally in Hyderabad soon.

One of the largest investments in the park is the ₹1,700 crore plant set up by the Welspun Group, which is ready to start production. In addition, the Pashupati Group is investing ₹240 crore in the park while Proctor & Gamble is setting up a technical textiles unit. Also in the pipeline is another factory to be set up by Ganesha Ecosphere, Rama Rao said.

The state government will explore employment for former workers of the now-defunct Azam Jahi Mills of Warangal, he added. (DS)

Fibre2Fashion News Desk – India


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