Kitex To Set Up New Production Unit

Kerala-based Kitex Garments Ltd, a part of Anna-Kitex Group of Companies, is planning to set up its fourth fully export-oriented infant wear production unit either in Andhra Pradesh or Karnataka, according to its Chairman and Managing Director Sabu M Jacob. A part of the company’s Rs 500 crore expansion plan will come up in Kochi and the rest will be set up in either of the above two States.

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Though Kitex was to reportedly locate its new manufacturing unit in Hassan in Karnataka, Jacob said with Andhra Pradesh offering tax benefits, free land and cheaper power, the company is yet to decide. The target is Rs 2,000 crore revenue and a mi