22 firms sign MoUs for investment in Kakatiya Textile Park

Hyderabad, Oct 22 (PTI) Telangana Chief Minister K Chandrasekhar Rao today said his government has signed memorandums of understanding with 22 compan...

Published: 22nd October 2017 06:43 PM  |   Last Updated: 22nd October 2017 08:13 PM   |  A+A-


HYDERABAD: Telangana Chief Minister K Chandrasekhar Rao today said his government has signed memorandums of understanding with 22 companies which will invest Rs 3,900 crore in the upcoming Kakatiya Mega Textile Park in the Warangal district.

Rao, who laid foundation stone for the textile park at Shayampet in Chintapalli village, also said that since the state's formation, Telangana has attracted over Rs 1.07 lakh crore of investment under the new industrial policy TS-iPASS.

"I proudly state that today 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.

It would be the largest textile park in the country, Rao added.

Unlike other textile hubs such as Solapur in Maharashtra, Tirupur in Tamil Nadu and Surat in Gujarat, the Kakatiya Mega Textile Park would focus on all types of fabrics and garments, Rao said.

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, the chief minister assured.

Rao also announced that the TRS government is planning to bring in a law during the Assembly session which will start on October 27 to convert about 4,000 tribal `tandas' (settlements) into full-fledged village panchayats.

The government has so far distributed nearly 26 lakh sheep to eligible persons under a scheme, he mentioned.

Rao also laid foundation stones for various other projects including the Warangal Outer Ring Road, a road overbridge and expansion of Madikonda IT Incubator Centre.


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