- Telangana CM KCR to lay the foundation for the Kakatiya Mega Textile Park in Warangal to be built in 2000 acres
- The Park will have all modern equipment from Fibre to Fabric and the best testing laboratories
- South Korea’s Yangwan Company to invest Rs 1000 crores in the Park and will provide 66 thousand jobs
Telangana Chief Minister K Chandrasekhar Rao will lay the foundation for India’s largest Textile Park, Kakatiya Mega Textile Park, in Warangal on October 22. In this context, Minister for Industries K Taraka Ramarao had a review meeting at the Begumpet Camp Office with Principal Secretary Jayesh Ranjan and other higher officials.
The Park will be built on 2000 acres in Sayampeta and Chintapalli villages in Warangal District. KTR said that every modern facility required for Fibre to Fashion will be made available in the Park. The Park has been set up where there is the best cotton produce in the state and all the textile industries in this Park are of international standards.
He said that Plug and Play Factory sheds are being arranged for textile making. The Park will have the best testing laboratories with zero discharge for environment-friendly atmosphere. The traditional Telangana textile making will be done with modern technology, giving opportunities to many people.
National and International investors came forward to invest in this Park with 12 companies investing Rs 3000 crores. South Korea’s Yangwan Company came forward to invest Rs 1000 crores in the Park. Surya Vamsi, Srinadha, Suryodaya Spinning Mills, Sivani Group, Ginny Filaments, Swayamvar Group, Well-Spun Group, Gokul Das Images, Nandan Denim, Shoppers Stop and Chiripal Companies are in the first-day list.
There would be direct job opportunities for 22,000 people and indirect opportunities for 44,000 people. Another 8 companies have come forward to invest Rs 400 crores in connection to the Park at various places in Telangana.
Kakatiya Mega Textile Park logo and pylon were created by TSIIC enlarging on Telangana culture and textile industry importance. The attractive pylon and logo represent textile industry in International standards depicting Kakatiya culture.
Last Updated 31, Mar 2018, 6:41 PM IST