Ministers KT Rama Rao and Errabelli Dayakar Rao broke ground for 11 factories belonging to Youngone Corporation at Kakatiya Mega Textile Park (KMTP) in Warangal. Addressing the gathering, Industries Minister KTR said that the Youngone factories at KMTP will generate employment for 21,000 people. Four factories will be set up in the first phase providing employment to nearly 6,000 people, and seven more will come up in subsequent phases.
Minister KTR assured that the majority of jobs at the factories will be reserved for locals, particularly women. The Minister also announced plans to provide transportation facilities for women and establish a daycare center for their children. Additionally, KTR highlighted that the factories will adhere to international standards, and the garments produced in Telangana will be exported to America, Europe, and other nations.
Addressing the importance of India’s growth in the textile sector, the Industries Minister emphasized that reforms in this industry would positively impact employment, provide support to farmers through assured minimum support price (MSP), and increase the State’s revenue. The establishment of Kakatiya Mega Textile Park is a significant step in this direction, fostering the growth of the textile sector and generating substantial employment opportunities.
Founded in 1974, Youngone Corporation is a leading global manufacturer of outdoor/ athletic clothing, textiles, footwear and gear built with a history of innovation, partnership and trust.