Summary:
Kochi, Sep 17 (PTI) Kitex group has signed a Memorandum of Understanding (MoU) with the Telangana government for two major investment projects there, the company said on Friday.
The Kitex group in a release said it had signed an MoU for two mega projects at Warangal mega textile park and the industrial park at Hyderabad.
"Telangana Industries department Principal secretary Jayesh Ranjan and Kitex group MD Sabu M Jacob signed the MoU," the company said in a release.
The release said the MoU was signed after a meeting with Industries Minister KT Rama Rao.
The company said an official declaration will be made on Saturday and the package offered by the Telangana government for the Kitex group will be announced tomorrow.
"The Telangana government has offered many subsidies for the Kitex group.