The coalition government in Andhra Pradesh has initiated a new industrial revolution with the aim of attracting significant industrial investments. As part of this effort, prominent garment brand Keatex is showing keen interest in making substantial investments in the state.
Minister Nara Lokesh and T.G. Bharath held crucial discussions with Keatex. Following these talks, Keatex is now moving towards establishing its presence in Andhra Pradesh.
The primary goal of this project is to create employment opportunities for a staggering 2 lakh women. This initiative is expected to bring significant improvements to the lives of rural women.
Keatex is prepared to make a self-investment of 1,000 to 2,000 crore rupees. Furthermore, the company plans to invite global investors with a lead role in this venture.
The state government is actively working on establishing a massive integrated mega textile park spanning 2,000 acres with an estimated cost of 50,000 crore rupees. Analysts believe this large-scale project will be a crucial milestone in the state's history.
These investments will provide significant employment opportunities for the people of Andhra Pradesh and Telangana, especially rural women, improving their economic conditions. This will also strengthen the regional economy.
