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AP inks 26 MoUs in textile sector

Monday, 26 Feb 2018
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The government of Andhra Pradesh signed 26 memorandums of understanding (MoUs) during the three-day Andhra Pradesh CII Partnership Summit 2018 held from 24-26 February 2018.

The textile sector attracted a total investment of Rs 5,337 crore with a prospective to create 33,092 jobs.

Toray Industries pledged an investment of Rs 970 crore to set up a technical textile manufacturing facility. The facility will create 130 jobs. Jyothirmaye Textiles has committed an investment of Rs 590 crore with a potential to create 2,200 jobs.

Kandukuri Shirts has proposed to set up an integrated textile park with an investment pledge of Rs 526 crore and will create employment for 3,100 people.

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