Kitex inks Rs 2.4k cr investment deal with T'gana govt

Kitex Group, which accused the Kerala government of hounding it out of the state, has decided to ramp up its investment committent in Telangana. From an initial announcement of Rs 1,000 crore in one apparel facility, the company has decided to invest Rs 2,400 crore in setting up two integrated fibre-to-apparel manufacturing clusters in Telangana. This will create 22,000 direct jobs and close to 18,000 indirect jobs.

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