The Government of Telangana and Kitex Group entered into an MoU in the presence of Ministers Sri KTR, Sri Errabelli Dayakar Rao and Smt Sabitha Indra Reddy in Hyderabad today. Principal Secretary Jayesh Ranjan and Kitex Group MD Sabu Jacob signed the MoU respectively.
As per the MoU signed, Kitex Group will invest about Rs 2400 Crore in Telangana and will set up Integrated Fibre to Apparel Manufacturing Clusters at Kakatiya Mega Textile Park in Warangal and also at Sitarampur in Rangareddy District.

The investment will create direct employment for about 22000 people while over 18,000 people in the region will get indirect employment, with women being given top priority.

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