Home / Knowledge / News / Textiles / Youngone to set up ₹900-cr unit in Telangana textile park

Youngone to set up ₹900-cr unit in Telangana textile park

12
Dec '19
Pic: Youngone Corporation
Pic: Youngone Corporation
Korean textile and apparel firm Youngone Corporation will invest ₹900 crore at the Kakatiya Mega Textile Park (KMTP) in Warangal. The firm will make knitted and woven garments and technical textile products, predominantly for exports. An agreement was signed to this effect with the state government on December 11 for infusing funds into the textile park.

The 290-acre facility is expected to generate 12,000 jobs, according to media reports from the state.

The company, with annual revenues of over $1.75 billion, has operations in 13 countries, including the United States, Switzerland, Bangladesh and Vietnam.

Indian ambassador to Korea Sripriya Ranganathan, Korean ambassador to India Shin Bongkil and Telangana information technology and industries minister KT Rama Rao were present at the signing ceremony.

Rama Rao said the anchor investment by Youngone Corp will catalyse more investments from Korea.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutter Stock

Textiles | On 29th Jan 2020

US, India to reportedly finalise trade deal in Feb

When United States Trade Representative (USTR) Robert Lighthizer...

Pic: Shutterstock

Apparel/Garments | On 29th Jan 2020

BGMEA for ensuring sustainable livelihood of RMG workers

The Bangladesh Garment Manufacturers and Exporters Association...

Pic: Benninger AG

Textiles | On 29th Jan 2020

Benninger acquires textile machinery company LAB-PRO

Benninger has acquired 100 per cent of LAB-PRO, with retroactive...

Interviews View All

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Smita Murarka, Amanté

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Spring Chang,

Spring Chang

A specialist in manufacturing printing machines, <b>Wenzhou Changs</b>...

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search