Telangana CM Says That 22 Firms Will Invest Rs 3,900 Crore In Kakatiya Textile Park

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Telangana CM Says That 22 Firms Will Invest Rs 3,900 Crore In Kakatiya Textile Park

Telangana Chief Minister K Chandrasekhar Rao has announced that his government recently signed memorandums of understanding with 22 companies which will invest Rs 3,900 crore in the upcoming Kakatiya Mega Textile Park (KMTP) in Warangal district.

"I proudly state that we signed MoUs with 22 companies which are going to set up factories in the textile park. This will provide direct employment to 27,000 people and create about 50,000 indirect job opportunities," he said.

Addressing a public meeting after laying the foundation stone of the KMTP at Shyamapet in Gesugonda mandal of Warangal Rural district recently, he said that the park would benefit Warangal and its surrounding areas.

He said thousands of Telangana workers, who presently work in garment industries in Mumbai, Bhiwindi, Surat and Sholapur, would return to their homes once KMTP became operational.

It would be the largest textile park in the country, he said, adding that unlike other textile hubs such as Solapur in Maharashtra, Tirupur in Tamil Nadu and Surat in Gujarat, the KMTP would focus on all types of fabrics and garments.

The textile park will come up on 1,200 acres in the first phase and eventually occupy 2,000 acres of land. Zero liquid effluent discharge will be ensured to avoid pollution, he assured.