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Won’t invest even a rupee in Kerala: Kitex MD - GKPro News Breaking

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Won’t invest even a rupee in Kerala: Kitex MD

Kitex group CMD Sabu M Jacob, who arrived at Cochin International Airport on Sunday after a three-day visit to Telangana, said that he will not invest further in Kerala. Disturbed by continuous, sudden inspections at his garment factory in Kizhakkambalam, he has decided to abandon his Rs 3,500 crore project in Kerala and invest Rs 1,000 crore to set up an apparel park at Kakatiya Mega Textile Park (KMTP) in Warangal, Telangana.

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Jul 12, 2021 - 16:17

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Kitex group CMD Sabu M Jacob, who arrived at Cochin International Airport on Sunday after a three-day visit to Telangana, said that he will not invest further in Kerala. Disturbed by continuous, sudden inspections at his garment factory in Kizhakkambalam, he has decided to abandon his Rs 3,500 crore project in Kerala and invest Rs 1,000 crore to set up an apparel park at Kakatiya Mega Textile Park (KMTP) in Warangal, Telangana.