Hyderabad: On Friday, when the Chairperson of the Kitex Group and Managing Director of Sabu M Jacob rose a private jet rented by the Telangana Government to fly him to Hyderabad, he did not know that the hours of later he would announce the investment of Rs 1,000 Crore in Telangana.
Jacob, who said he was expelled from Kerala but was being cleaned by nine countries, told toi that he was very impressed with the proactive commitment and approach to the Telangana Government, especially the Industrial Minister KT Rama Rao (KTR), that he felt confident.
Enough to receive the phone, within a few hours, to bring his investment to Telangana.
“I expect a politician …
but it feels like a business meeting with a country’s CEO.
Whatever the technical or practical problems we discuss, he understands.
Therefore my level of confidence rises.
If not, we never at risk of doing 1000 crore inside Eight hours after our visit.
I’m sure I don’t take risks because I don’t deal with a politician, “he said.
What also put it is that KTR understands that they have offers from various states and convincing them whatever they have, Telangana will “meet” and “beat” them.
This, said Jacob, was very contrasting with his experience in his home country, where he accused harassment forcing him to attract 3,500 his crore investment plans.
“I have a lot of discussion in Kerala with industry ministers and other ministers but the problem is they are zero big.
They don’t understand anything about business or investors,” Jacob shook his head with desperate.
So impressed was the top boss of the second largest children’s clothing manufacturer in the world that he also saw Chandanjly, where Welspun has facilities, for facilities.
“We see the Textile Taman Kakatiya Mega and Chandanvelly.
From our $ 360 million project, we only confirm the 1000 Crore Phase-1 investment at KMTP.
After we finish everything, we will decide whether we will arrange in just one or two locations.
This will be It takes a few more weeks to finish and we hope to sign the MoU with the end of the month, “he said.
Jacob said his only concern was the availability of adequate workers in which he cooperated with the Telangana Government.
Kitex, who employs around 15,000 people in Kerala, makes clothes for children aged 0-24 months to export to us.
In addition to countries such as Tamil Nadu, Andhra Pradesh, Gujarat, Madhya Pradesh, Uttar Pradesh and Odisha, during the Jacob weekend also saw the newly appointed Minister of State for the Electronics & IT (MEY) Ministry, Rajeev Chandrasekhar invited him to regulate shopping in the state Lift Karnataka.
‘Committed RS 1,000CR because of trust by T’Gana Govt’
