Kochi: Kitex Group Cmd Sabu M Jacob, who arrived at Cochin International Airport on Sunday after a three-day visit to Telangana, said that he would not invest further in Kerala.
Interrupted by sustainable inspection, suddenly at the garment factory in Kizhakkambalam, he has decided to leave the RS 3,500 crore project in Kerala and invest RS 1,000 crore to establish a clothing park in Kakatiya Mega Textile Park (KMTP) in Warangal, Telangana.
“Standing here, I tell you, my conscience doesn’t allow me to invest even rupees (further) in Kerala.” When asked if he was ready to discuss with the state government, Jacob replied that he was willing to discuss the problem, even with an employee.
Jacob made fun of CPM MLA Kunnathunad and Congress Mlaas Perumbavoor, Muvattupuzha, Thrikkakara, Ernakulam, and MP Chalakudy Benny Benny because it made him explore the opportunities outside Kerala.
“For this (invest in Telangana), I am most obliged to Kunnathunad MLA.
Besides from him, there are four other MLA and parliamentarians from Ernakulam who are behind this.
They make me understand what business-friendly meant and also to teach how an industrialist can Get crores rupees, “he said.
Jacob refused to comment on criticism by Pinarayi Vijayan, and opposition leader V D Sathean.
“The minister’s chairman ordered a certain position in my mind and he had the authority to criticize or scold me.
And I will never deny it or comment on his words,” he added.
The Kitex team received a warm welcome and the kingdom in Telangana, said Jacob.
“We visited two textile parks in Warangal and who were common in Hyderabad.
With the Minister of Industry, we held two rounds of discussion and finally discussed with top-level bureaucrats before leaving.
During the first phase, we plan to invest RS 1,000 Crore – that’s the word We provide to [to the Telangana government].
Furthermore, we must evaluate the technical and other aspects there, which we plan to be completed within two weeks.
Then we will decide whether to have further investment, “he said.
When asked about calls from Union Mos (Electronics and IT) Rajeev Chandrasekhar, he said, “For 15 minutes of talk, he gave me an invitation to discuss with carnataka cm for investment there.
I have answered that I will call him, once I returned at Kerala “.