News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Thursday, January 11, 2018 10:44:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 4499 Times
Kerala's Kitex to set up ₹500-crore infants garment unit in Karnataka.
The Karnataka government has given the green signal to Kerala-based Kitex Garments to invest ₹493 crore for a ready-made garments unit in Hassan, Karnataka.

BusinessLine had reported in November 2016 that Kitex Garments was looking to set up an export-oriented garments unit for infants in Hassanat an investment of ₹500 crore.

Talking to BusinessLine from Kizhakambalam near Kochi in Kerala, the 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.”

Projects cleared

At a recent meeting, Karnataka’s State Level Single Window Clearance Committee cleared 52 new projects worth ₹5,233.82 crore. Of this, investments worth ₹2,369.56 crore are slated to be made in Bengaluru.

“An investment of ₹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,” said a release from the State Information Department.

Jacob said the garments unit would be housed in a steel building, which would be imported from the Gulf, most probably from Saudi Arabia. It will be nut-and-bolts job and would be set up very fast.

“Initially, the unit will have capacity of 1,500 to 2,000 people. In Phase 1, it will produce up to 2-lakh pieces of infants garments. After that, we will expand every six months. We intend to complete the expansion by 2021.”

However, Andhra Pradesh is also aggressively wooing Kitex Garments to take the company’s investment to that State. For that, the State government is offering many sops to the company.

“The Andhra Pradesh government has given us some very compelling proposals to invest in that State. For instance, it has offered us free land, support in setting up the building, power at ₹1 per unit and salary for the staff for three years.”

Comparatively, power in Karnataka is being offered at ₹6-7 per unit. ESI and employer’s contribution to Employee’s Provident Fund are, however, being offered by both States.

HBL

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Vector Green refinances two solar projects in Telangana.
ARS Steels draws up ₹240-cr expansion plan.
Adani group to invest Rs. 750 cr in West Bengal.
Scientific publisher Omics scripts major expansion; plans ₹1,000-cr investment.
Reliance will invest ₹5,000 crore in West Bengal: Mukesh Ambani.
Nalco seeks approval for Pottangi bauxite mining lease in Koraput.
Essar Steel gets consent to establish Odisha iron ore block.
JSW Steel hopes to start work on 12 mt Paradip steel plant in FY19.
Jubilant Life receives green nod for Rs. 2.5-bn greenfield pesticide project.
Cairn India to invest Rs. 370 bn to ramp up crude production in Rajasthan.
RELATED PROJECTS & TENDERS

Projects

... More projects

Tenders

Click here to view Tenders Database
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback