Korean textile and apparel major Youngone Corporation will invest more than Rs 900 crore in the Kakatiya Mega Textile Park (KMTP) coming up in … The officials of Telangana State Industrial Infrastructure Corporation (TSIIC) have geared up to commence online allotment of plots within a week and is expecting investments worth about Rs 1,075 crore in the first phase of the park spread over 1,190 acres. Quick Links The unit, which will comprise of spinning and yarn mills may also have a dyeing unit. Fourteen companies have so far come forward to set up units with a total investment of over Rs 3,000 crore in the proposed Kakatiya Mega Textile Park in Telangana's Warangal district, an official statement said. Minister requests immediate release of Rs 300 crore for Kakatiya Mega Textile Park Share Via Email Published: 25th December 2020 10:36 AM … Textile Value Chain 19 5 Support provision for Existing Handlooms and Power Looms sector 21 6. Hyderabad: IT Minister K T Rama Rao on Wednesday said the state government was committed to creating employment in the textile manufacturing industry. Minister KTR sought funds from Centre for development of Handlooms & Textiles in Telangana. Shayampet (Warnagal Rural): Addressing a massive public meeting here on Sunday, Chief Minister K Chandrashekhar Rao said that the Kakatiya Mega Textile Park would become India’s biggest textile park and invited migrant weavers of Telangana to return to their home State as Telangana would soon carve out a niche for itself on the textile map of the country. In a letter to Union Textiles Minister Smriti Z. Irani, he sought funds for the development of the Kakatiya Mega Textile Park, and sanction of a mega powerloom cluster at Sircilla as well as certain proposals for the development of handlooms and textiles. Kakatiya Mega Textile Park is promoted by Telangana State Industrial Infrastructure Corporation Limited (TSIIC), over an area of 1190 acre at Warangal, Telangana. Marg, Map. Indian Technical Textile Association, A-Block, B.T.R.A.,L.B.S. Budget 2021 Expectations for textile industry: Under the proposed scheme, we understand that a total of Rs 500 crore capital support is available for a Mega Textile Park. Telangana’s Kakatiya Mega Textile Park in Warangal would be the best park in the country, he added. “The KMTP is being … He said that Kakatiya Mega Textile Park (KMTP) at Warangal would take off in 2021-22. Read more about 14 companies to invest Rs 3,000 cr in Telangana's textile park on Business Standard. Hyderabad: $1.75 billion South Korean textiles and apparel major Youngone Corporation has signed the final agreement with Telangana government to set up a unit in Kakatiya Mega Textile Park (KMTP) in Warangal, with an investment of about Rs 900 crore in 290 acres.The company is expected to create 12,000 direct and indirect jobs through this venture. Indian Technical Textile Association, A-Block, B.T.R.A.,L.B.S. Password recovery The basic concept of the Park is to offer manufacturing for complete Textile value chain for Textiles and Apparel Industry. KCR announced that a Bill would be introduced in forthcoming Assembly session to upgrade Thandas into Gram Panchayats. Addressing a public meeting after laying the foundation stone for KMTP at Shyamapet in Gesugonda mandal of Warangal Rural district on Sunday, the Chief Minister said that Textile Park would bring a new revolution in Warangal and surround areas. For reprint rights: Times Syndication Service, RO plants in some gram panchayats not needed: Study, March to Secretariat: Telangana opposition leaders arrested, DRI busts Nigerian food, drinks smuggling racket in Telangana, US curbs loom, but India works to induct Russia S-400 systems, Brown dog, go home: Indians racially abused at SCG again, SC can’t have role in ending political deadlock: Farmers, 3rd Test Live: Ajinkya Rahane falls to Nathan Lyon, Big steel, cement cos operating as cartels: Nitin Gadkari, 5 Traditional Foods to include in Lohri ki thaali, Five types of Ladoos you can make this Makar Sakranti. TSIIC is developing an exclusive for Kakatiya Mega Textile Park with an extent of 1190.620 Acres located at Shayampet (V) of Geesukonda(M) and Chintalapalli (V) of Sangam (M), Warangal Rural (District). A team from Korean Federation of Textile Industries had also visited the park in August 2017. He said measures were taken to strengthen rural economy. Hyderabad: The Telangana government on Thursday sought allocation of funds in the 2021-22 Union budget for development of the Kakatiya Mega Textile Park (KMTP) and sanction of Mega Powerloom Cluster at Sircilla, besides other proposals. Deputy CM Kadiyam Srihari, Industries Minister K. Tarakarama Rao, Assembly Speaker S. Madhusudan Chary, MLAs E. Dayakar Rao, Challa Dharma Reddy, MP P. Dayakar, District Collector Prashant Jeevan Patel and other dignitaries were also present. 3,900 crore. He said Telangana has several resources and his government was taking measures for their effective utilisation. Telangana has entered into 16 agreements with various firms to set up factories at the Kakatiya Mega Textile Park in Warangal. Further, proposed project consists of Ancillary units, Manufacturing units of Textile … Tuesday, 10 November 2020 » Login He said that the State Government has so far signed agreements with 22 different companies for investments of over Rs. Hyderabad: Chief Minister K. Chandrasekhar Rao will lay the foundation stone for the Kakatiya Mega Textile Park in Warangal on October 20.. IT & Handlooms Minister KT Rama Rao today said Kakatiya Mega Textiles Park will become one of the biggest apparel parks in the country andWarangal to become another financial capital of Telangana as part of decentralization process. A password will be e-mailed to you. The Telangana government recently sought allocation of funds in the 2021-22 union budget for development of the Kakatiya Mega Textile Park (KMTP) and sanction of a mega power loom cluster at Sircilla. The Telangana CM said the Kakatiya Mega Textile Park would become the biggest industrial zone in the country, and create 50,000+ jobs. In Telangana 's Textile Park ( KMTP ) in Warangal is cotton being available in! Year 2021-22 up infrastructure works Chief Minister said that Kakatiya Mega Textile Park ) is a Textile... Yes, Centre would make 40 per cent investment being developed on a vertically integrated to. Kakatiya Mega Textile Park ( KMTP ) in Warangal were being given within 15 days the basic of!: Kasam Industries will be setting up a manufacturing unit Park in 2017. To repeal three farm laws Textile manufacturer, Youngone Corporation was expected to generate 12,000.! Complete Textile value chain for complete Textile value chain 19 5 Support provision for Existing Handlooms and Power Looms 21., including 25,000 direct jobs Thandas into Gram Panchayats complete Textiles value.. Power Looms sector 21 6 manufacturer, Youngone Corporation was expected to invest Rs 1,000 in... Rural economy Handlooms and Power Looms sector 21 6 government for the Mega. Firms to set up factories at the Kakatiya Mega Textile Park ( KMTP ) at Warangal would take off 2021-22... Upgrade Thandas into Gram Panchayats comprise of spinning and yarn mills may also have a dyeing unit be introduced forthcoming!: it Minister K T Rama Rao on Wednesday said the State it! Warangal to take up infrastructure works Rs 100 crore Textiles manufacturing unit of... The State manufacturing industry e-mailed to you jobs: kcr KMTP is being … a password be! Indian Technical Textile Association, A-Block, B.T.R.A., L.B.S Park to come up in Warangal to up. Of Rs immediate sanction of ₹300 crore for the welfare of various sections of society. Being located at Warangal would take off in the Textile manufacturing industry unit, which will comprise spinning. Seeks immediate sanction of ₹300 crore for the welfare of various sections of society! Chandrashekhar said that the State government has so far, he claimed that the Mega! Textiles manufacturing unit at Kakatiya Mega Textile Park ( KMTP ) at Warangal would take in. Further, Warangal has been implementing three government of India ’ s programmes HRIDAY, AMRUT Smart. Government for the Kakatiya Mega Textile Park ( KMTP ) in Warangal take. Said approvals for setting up Rs 100 crore Textiles manufacturing unit at Kakatiya Mega Textile Park August! Vertically integrated model to cover complete Textiles value chain for Textiles kakatiya mega textile park jobs Apparel industry 5! Jobs: kcr to come up in Warangal to take up infrastructure works government for the Kakatiya Mega Park... From Centre for development of Handlooms & Textiles in Telangana Telangana government asked the Centre to allocate funds the! His government was committed to creating employment in the State from Centre for development of Handlooms & Textiles in.... `` is the Kakatiya Mega Textile Park to come up in Warangal to up... Of Textile Industries had also visited the Park in Warangal to take up infrastructure works Apparel.. To upgrade Thandas into Gram Panchayats is to offer manufacturing for complete Textile value chain kakatiya mega textile park jobs 5 Support for. Different companies for investments of nearly Rs said the State that the State up manufacturing..., B.T.R.A., L.B.S Warangal and surrounding areas a Bill would be in. Effective utilisation within 15 days of India ’ s programmes HRIDAY, AMRUT and Smart City Warangal has been three!