HYDERABAD: Not all the companies that initially showed interest will set up units at what has been described as the country’s biggest upcoming textile park at Warangal in Telangana. 

Some of the companies have reportedly dropped out choosing to invest at other places in the state and yet others have, for reasons of their own, not firmed upon their decision. But some more new companies have also come forward to explore the possibilities of setting up their units at the Kakatiya Mega Textile Park (KMTP) coming up near Sayampet of Warangal. 

The foundation stone for the park coming up on 2,000 acres of land was laid by chief minister K Chandrasekhar Rao on October 22, 2017. 

Mihir Parekh, director, Mega Textile Park, in Telangana State Industrial Infrastructure Corporation (TSIIC) said facilities that were required for units to start construction at the park were in place. There is a dedicated water supply line and also provision for supplying power. “Further development of the mega-park goes on parallel to the construction of manufacturing units,” Mihir Parekh told TOI. 

The mega textile plant was planned to generate one lakh jobs, both direct and indirect, once it is fully functional. However, at this stage – 21 months after the foundation stone was laid, allotment of land to manufacturing units which have shown interest is yet to take place but this is being described as being in the process. “But the infrastructure that has been built on the premises as of now will suffice for manufacturing units to start their construction,” V Madhusdhan, CEO, projects, TSIIC said. 

Initially, 14 companies which showed interest in setting up manufacturing units in the ‘fibre to fabric’ facility were expected to make a total investment of Rs 3,080 cr. The advantage in the location of the Kakatiya Mega Textile Park being located at Warangal is cotton that will be available because of the Telangana being in the top three producers of cotton in the country. 

South Korean’s global textile manufacturer, Youngone Corporation was expected to invest Rs 1,000 cr in setting up a manufacturing unit. A team from the Korean Federation of Textile Industries had also visited the park in August 2017. 

According to official sources, a road overbridge is also required to be constructed on a railway track at the textile park area and this has been taken up with the railway authorities. 

Published On : 25-07-2019

Source : Times of India