In Telangana, the foundation stone has been laid for the state of the art Kakatiya Mega Textile Park (KMTP) at Sayampet near Geesukonda in Warangal Rural district. Chief Minister Chandrasekhar Rao has laid the stone this afternoon for the Mega Textile Park being set up by the State Industrial Infrastructure Corporation.
The Textile park has been taken up at a major cotton producing district and trading centre of the state. The Park will be implemented in phased manner depending on the market demand and expected to provide employment for over a lakh people.
The Project envisages ploughing back economic benefits of the Park to the local populace by catering to all activities in the Textile value chain. It may be recalled that Telangana stood at third position in the country by producing over 60 lakh bales during 2015-16. Meanwhile, the state Government has entered into MoU with 14 companies for investing in the park.