Kitex Group has signed a Memorandum of Understanding (MoU) with the Telangana Government for two major investment projects there. The 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 MoU was signed after a meeting with Industries Minister KT Rama Rao. The Telangana Government has offered many subsidies for the Kitex Group.