AP signs MoUs for 12 textile units

Posted on:17 Feb 2017 09:13:09
AP signs MoUs for 12 textile units
17 February 2017 Current Affairs: During the recent CII partnership summit in AP 12 MoUs were signed by the State Government with different companies for setting up 12 apparel units in the State entailing investment of Rs. 963 crores in all and generating 46,000 jobs.

These 12 projects will come up in the next one to one-and-a-half years. Four of the units will come up in the Brandix apparel park , including two by Chinese companies, five units in Anantapur district and the remaining in Chittoor district.  

The Andhra Pradesh Government is encouraging the textile sector in a big way and entrepreneurs should make use of the benefits being offered by the State as well as the special package given by the Union Government in the Budget to set up more units, according to K. Srikanth Prabhakar, the Joint Director in the office of the Commissioner of Handlooms and Textiles, AP Government.

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