Telangana (India) has requested a one-billion-dollar grant from Prime Minister Narendra Modi for the Warangal Textile Park

04 September 2021, Mumbai:

Telangana Chief Minister K. Chandrashekhar Rao (KCR) has asked Prime Minister Narendra Modi to provide the Warangal Textile Park a one-time grant-in-aid of Rs. 1,000 crore.

The state plans to construct a 2,000-acre textile park. A complete textile value chain facility will be available at the park. The park's infrastructural amenities would require an expenditure of about Rs. 1,600 crore. The Centre has been asked for Rs. 1,000 crore, with the balance coming from the state government's resources.

The Chief Minister was in Delhi for a meeting with Prime Minister Modi. The need has arisen in order to boost the state's textile industry. If the Central Government agrees to the State Government's proposal, the Warangal Textile Park and the state textile sector would benefit greatly.

It's worth noting that Telangana is one of the Indian states where the textile and garment sector is booming. Apart from Indian clothing manufacturing behemoths Kitex Group and Gokaldas Images, who recently announced investments in the state, prominent global player Youngone Corporation will shortly begin operations in the state.

Telangana, India's second-largest cotton producer, produces about 60 lakh bales of long-staple cotton each year. The CM also requested the Prime Minister to approve the projects for the Hyderabad-Nagpur and Warangal-Hyderabad economic corridors.

The state government is concentrating on the state's general growth and has increased the number of districts from ten to 33.

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