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Warangal will become a textile hub in the country: KTR
Warangal will soon become a hub and favoured destination for textile industry, noted Industries Minister K T Rama Rao.The Minister along with Deputy Chief Minister K Srihari presided over the signing of memorandums of understanding (MoU) with textile companies from across the country, including a Korean company, in Hanamkonda on Sunday.
Hanamkonda: Warangal will soon become a hub and favoured destination for textile industry, noted Industries Minister K T Rama Rao.The Minister along with Deputy Chief Minister K Srihari presided over the signing of memorandums of understanding (MoU) with textile companies from across the country, including a Korean company, in Hanamkonda on Sunday.
The Minister while thanking those, who have given their lands for the Textile Park, said one member of a family will be given training and will be offered job at the park.
The park will be established with international standards without causing any pollution.
He said the proposed Kakatiya Mega Textile Park will address end-to-end needs of textile industry on the basis of farm to fashion functionality. All the latest trends in textile industry will be incorporated into the Textile Park.
For that purpose, PSG College of Engineering of Coimbatore in Tamil Nadu, which offers courses in Textile and Fashion Technology, and National Institute of Fashion Technology (NIFT) are roped in and they will set up their campuses at the park, Taraka Rama Rao informed.
The Minister and Deputy CM Srihari thanked the companies that came forward to invest in the upcoming Mega Textile Park and promised that the state government will ensure encouraging environment to carry on their business.
The Deputy CM appealed KT Rama Rao to set up a Textile Incubation Centre and Skill Development Centre in Warangal to offer training to the youth and the weavers in the State.
On the day, as many as 13 textile companies signed MoUs with the state government. Suryavanshi Spinning Mills, Suryauday Spinning Mills Ltd, Srinath Spinning Mills Ltd, Urbaknitt Fabs, Shivani Group, Ginni Filaments, The Swayamwar Group, Yougone Corporation (South Korea) Gokaldas Images, Nandan Denim (Chirpal Group), Shahi Exports, Jaycot Industries and GK Threads.
One more company Welspun Group will sign the MoU on October 23. These companies are expected to invest a total of Rs 3,020 crore at the Textile Park and create 22,350 jobs through direct employment and 66,000 jobs indirectly.
Eight other companies - Suryalatha Spinning Mills, Seetharam Textiles, Suryalakshmi Cotton Mills, Sri Ram Spinning Mills, GMR Spintex Pvt Ltd, Vijayalaxmi Spitex Pvt Ltd, Ashtalaksmi Spinning Mill and GTN industries - have also singed MoUs agreeing to invest Rs 380 crore in other districts of Telangana.
The above companies will create 1,450 jobs.MPs P Dayakar and A Seetaram Naik, MLAs D Vinay Bhasker and K Surekha, MLC K Muralidhar Rao, GWMC Mayor N Narender, industries department principal secretary Jayesh Ranjan, handloom and textile secretary Shailaja Ramaiyer and TSIIC chairman Bala Mallu are present.
