01 March 2022, Mumbai:
Texport Industries, India's largest clothing exporter, will open a garment plant at Sircilla Apparel Park, Telangana.
In the Built to Suit (BTS) unit to be built by the State Government on 7.42 acres in the Apparel Park, the unit will be Plug and Play.
In the first year, the firm will build 800 machines and employ 1,600 people, with the project planned to employ 2,000 people in three years.
Texport employs 15,000 people and generates $80 million in yearly sales from its 19 plants, which have a total annual capacity of 17 million (about Rs. 620 crores).
The availability of skilled people in Sircilla, as well as the State Government's business-friendly policies to develop the sector, were factors in the company's choice to build the plant, according to Narendra Goenka.
After Kitex Garments, Texport is the second well-known clothing exporter to announce its investment in Telangana in recent months.
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For this, the firm and the state government have signed a memorandum of understanding (MoU). In the presence of Industries and IT Minister K.T. Rama Rao, Shailaja Ramaiyer, Telangana's Handlooms, and Textiles Commissioner, and Narendra D. Goenka, MD, TIPL, signed the MoU.
The state government claims that, for the first time in the country, export-oriented garment manufacturing BTS Units on Plug and Play Mode are being established in the Sircilla region by leveraging the state-of-the-art manufacturing environment.
BTS is a sort of real estate development in which a property owner or developer promises to construct a building to the specifications of a potential tenant, who then enters a lease agreement to inhabit the facility after it is finished.
It will allow forward integration of the Sircilla Powerloom weaving business with the clothing and garment production process, assisting the state's textile industry's development.
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BGMEA Vice President Miran Ali and Directors Asif Ashraf, Tanvir Ahmed and Abdullah Hil Rakib were also present on the occasion.
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