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Kitex Garments signs MoU with Telangana State Government

21 Sep 2021 Evaluate

Kitex Garments has signed the Memorandum of Understanding (MoU) with Telangana State Government for investing Rs 2,406 crore in the state of Telangana. The investment is planned at Kakatiya Mega Textile Park, Warangal and Industrial Park, Sitarampur, Rangareddy District. Kakatiya Mega Textile Park capacity is to be added by FY 2022-23 and Industrial Park, Sitarampur capacity is to be added by FY 2023-24.

Kitex Garments is engaged in the manufacture of all kinds of garments for exports. Infant wear dominates with over 90% share in production. The company also in the business segment of Fabric, Garments. 

Peers
Company Name CMP
Vardhman Textiles 574.00
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Arvind 553.45
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