As many as 14 textile companies signed MoUs with the State Government to set up their units in the proposed mega textile park here.
The agreements envisage an investment of over ₹3,000 crore, which will provide direct employment to more than 20,000 people and indirect employment to about 40,000 people.
Addressing the entrepreneurs who came forward to invest in the upcoming mega textile park, Industries Minister K.T. Rama Rao thanked and assured them that the State Government would provide very conducive environment to carry on their business. The State Government moves forward with the slogan “Farm to fashion” where cotton is produced and used here to make various types of garments at one place, he said.