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KTR thanks farmers for giving lands for development

Telangana IT and Industries Minister KT Rama Rao thanked farmers for giving their valuable agricultural lands for the development of Telangana State.

Minister KT Rama Rao on Saturday laid the foundation for the Rs 1,600 crore manufacturing facility of Kitex Garments at the Kakatiya Mega Textile Park in Warangal.

He also inaugurated two units of Ganesh Group that have seen an investment of Rs 550 crore. These three units will create employment to about 16,000 people.

The Kitex unit will create employment to about 15,000 people. The Group has earlier announced to invest about Rs 2,400 crore in Telangana State. The remaining investment will come in a second location at Sitarampur in Rangareddy district. In all, the infantwear maker promised to create 22,000 jobs.

Speaking on the occasion, Minister KTR said that the sacrifices made by farmers by giving their lands couldn’t measure by extending the thanks and offering the money. They will be remained forever in the history of Warangal development. A hundred square yard of plot is offered to each farmer who have given their land to the unit, he added.

Stating that the industrialation is taking place at the brisk pace in Warangal district, Minister KT Rama Rao said that the new units will create employment opportunities for thousands of people and the face of Warangal development will be unprecedented in the days to come.

The Minister explained how Kerala-based Kitex coming to Telangana is an example of swift thinking and deft moves from Telangana Government. In June last year, Kitex Managing Director Sabu Jacob announced to withdraw new investments in the range of Rs 3,500 crore from Kerala following differences with the administration there. He was on the lookout for new locations for its manufacturing units. Then, the State government swung into action and explained about the investor-friendly policies of the State, about the TS-iPASS single window approval system, availability of quality power, extensive cotton cultivation in the State among other aspects. The investments would get a mega project status and accordingly tailor-made incentives would be offered. Kitex got invitations from nine States but it chose Telangana because of the intense effort.

Kitex, one of the largest infant-wear makers in the world with an export turnover of around Rs1,000 crore, had then announced that it was withdrawing from a proposal to invest Rs 3,500 crore to build an apparel park and three industrial parks in Kerala which could provide jobs to 35,000 people.

Kitex, within two months of announcing an investment of Rs 1,000 crore, decided to increase the investment to Rs 2,400 crore in Telangana. The Kitex delegation said it was impressed by Telangana investment-friendly policies and the conducive atmosphere for promotion of the textiles industry in the State.

Rama Rao along with ministers Satyavathi Rathod and Errabelli Dayakar Rao on Saturday also inaugurated two units of Ganesh Group- Ganesh Ecopet and Ganesh Ecotech- at the Kakatiya Mega Textile Park in Warangal.

Ganesh Ecopet is set up with an investment of Rs 300 crore (in phases) and will manufacture recycled filament yarn and recycled polyester chips. The unit will provide employment to over 500 people in the region.

Ganesh Ecotech has invested Rs 250 crore and will manufacture washed pet flakes and polypropylene fiber in the unit. It will provide employment to 500 people.

 

 

 

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