Web Exclusive | January 2018
Kitex to set up garment unit in Karnataka
The Karnataka Government has given the green signal to Kerala-based Kitex Garments to invest Rs 493 crore for a ready-made garments unit in Hassan, Karnataka. Kitex was looking to set up an export-oriented garments unit for infants in Hassanat an investment of Rs 500 crore.
Chairman and Managing Director of Kitex Garments, Sabu M Jacob, said: “The government of Karnataka has given approval to the project. Now depending on how fast the government clearances come through, the project will start. Our plan is to start commercial production by March 2019.”
An investment of Rs. 2,864.26 crore has been approved for places outside Bengaluru. This reiterates the constant endeavour of the government to have overall industrial development of the State.