Telangana Has Managed To Get Some Attractive Textile Investments

0
171

More than a dozen textile and apparel companies are at various stages of discussions with the Telangana state government for setting up manufacturing facilities in the state. The Kakatiya Mega Textile Park (KMTP) has already attracted two textile giants – Youngone Corporation and Kitex Group within four months.

Textiles and apparel sector development has been accorded top priority by the Telangana state government. And results are visible, as there has been a steady inflow of investments from various companies.

Early this year, the Department of Handlooms and Textiles signed a Memorandum of Understanding (MoU) with Gokaldas Images Private Limited (GIPL) for setting up a 500-machine garment factory in Sircilla. The plant will manufacture knitted innerwear for exports employing 1,100 persons, 75% of which will be women.

Also Read  It Was A Busy Show For Us

After its first investment of Rs 1,150 crore at Chandanvelly in Rangareddy for carpet tiles manufacturing, Welspun Group made its second investment of Rs 415 crore for an advanced textiles project. The plant will use nonwoven technologies to manufacture high performance innovative material including personal protection, medical disposables, hygiene, cosmetic, coating substrate and others. The plant will be commissioned by September 2021. Ganesha Ecosphere, which is into extracting fibre from used PET bottles, commenced construction works at KMTP. The company is setting up two projects under two subsidiaries Ganesha Ecotech Private Limited and Ganesha Ecopet Private Limited. Ganesha Ecopet will set up a recycled PFY plant with an investment of Rs 300 crore employing over 500 persons. The plant will be operational by October 2022. Ganesha Ecotech will set up a washed PET flakes and polypropylene fibre plant with nearly Rs 200 crore investments and employ over 500 persons. The plant will be operational by June 2022.

Also Read  ITTA Thanks Govt. For Approving PLI Scheme For Textiles

After commissioning the first weaving unit in November 2019 at Whitegold Spintex Integrated Textile Park in Ibrahimpatnam, Divya Textiles commenced three additional units during the 2020-21 financial year. Five more units are under construction. The line of activity will be primarily weaving, garments and technical textiles.

Also Read  BRÜCKNER 4.0 Technologies At ITMA Asia 2021

LEAVE A REPLY

Please enter your comment!
Please enter your name here