Karimnagar To Get Apparel Park
Hyderabad: A Memorandum of Understanding (MoU) was signed on Tuesday between Telangana Government and a Tamil Nadu based firm, Kay Ventures Private Limited for setting up a Rs 100 crore apparel superhub in Sircilla.
Speaking on the occasion Telangana IT and Municipal Minister KT Rama Rao said the superhub will be set up in 20 acres in Siricilla, which would be beneficial for the people of the state. "The investment would be of Rs 100 crores and around 15,000 people will get employment, out of which around 90 percent will be women," Rao said.
Government of Telangana and KAY Ventures Pvt Ltd signed an MoU in the presence of Minister @KTRTRS at Secretariat today. KAY Ventures Pvt Ltd. will be setting up an Apparel Super Hub in Apparel Park at Sircilla. pic.twitter.com/CRcMTbM2R5 — Min IT, Telangana (@MinIT_Telangana) March 13, 2018 The Apparel Super Hub will be set up in 20 acres and will house 5000 state-of-the-art sewing units with its corresponding embroidery, printing, washing and value addition/support facilities. — Min IT, Telangana (@MinIT_Telangana) March 13, 2018 The Apparel Super Hub will be developed in 3 phases and shall be fully operational in 3 years with a total project cost of Rs. 100 crores. — Min IT, Telangana (@MinIT_Telangana) March 13, 2018
Rao said also praised Chief Minister K Chandrashekar Rao for setting up the hub for the people. "We have studied textiles in Tripura and there they have excellent opportunities so we have brought up a new scheme which will prove to be helpful," Rao said. Kay Ventures will start skill development programmes for weavers from April.
PTI
