After a fallout with the Kerala government, a delegation from Kitex – a garment major – is on its way to Hyderabad in a ‘special flight’ sent by the Telangana government.
The standoff between the Kerala government and Kitex garments with regards to a Rs 3,500 crore project initially proposed for Kerala has taken a new turn with an invitation from Telangana’s K.T. Rama Rao, Industries Minister to hold discussions over the project.
As per reports, a delegation from Telangana will first arrive in Kochi on Friday to discuss possible investments, following which the delegation will accompany Kitex’s team to Hyderabad.
Kitex Managing Director Sabu Jacob informed that he along with a five-member team would be heading to Hyderabad Friday by a special jet flight sent by the Telangana government.
“We have already had one round of discussions with Telangana Industry Minister KT Rama Rao. They have offered excellent facilities and support for the Rs 3,500 crore project, which we have abandoned in Kerala. Telangana has invited us following our announcement to cancel the apparel project in Kerala,” he said.
Accusing leaders of the CPM and Congress in Kerala of seeing his firm “as traitors,” and elaborating on the existing hurdles, Jacob said, “We have no plan to make further investment in Kerala. It is already difficult for us to run the existing garment unit in Ernakulam. Then, how can we plan new investments? We have already spent Rs 200 crore for the proposed project, which would have given employment to 30,000 people, apart from developing 600 small-scale ventures in the sector.
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