WARANGAL: The Kakatiya Mega Textile Park, foundation of which was laid on Sunday, saw the state government inking Memorandum of Understanding (M0U) with 14 private companies, getting investments to tune of Rs 3,020 crore.
The government also inked MoUs with eight other textile companies to expand their units in other districts of the state. These units are likely to invest Rs 3,080 crore for the expansion.
Two institutes - textile training college of PSG College, Tamil Nadu and National Institute of Fashion Technology, Hyderabad - also inked MoU for setting up their centres in the textile park.
Speaking on the occasion, Handloom minister KT Rama Rao said Kakatiya Mega Textiles Park will become one of the biggest apparel parks in the country and Warangal will become another financial capital of Telangana as part of decentralisation process. It would provide over 1 lakh direct and indirect employment,” he said.
TPCC VP calls it a Black Day
TPCC vice president and former MP Ponnam Prabhakar termed the foundation stone laying ceremony a Black Day. “In the state around 50 pc of powerloom industries are based in Sircilla. However, instead of Sircilla, the Mega Textile Park is coming up in Warangal. This is injustice,” he said. Speaking to media on Sunday, he accused the state government of showing stepmotherly treatment towards Sircilla.
