Telangana and Kay Ventures Tie Up For Apparel Hub

Posted on:15 Mar 2018 09:31:14
Telangana and Kay Ventures Tie Up For Apparel Hub
15 March 2018 Current Affairs: The Telangana government is setting up an Rs. 100-crore Apparel Super Hub in Sircilla. It signed a memorandum of understanding with Kay Ventures to roll out the project.

To be set up on 20 acres, the hub will be completed in three phases. The first phase will be taken up with an investment of Rs. 30 crores in a year.

While the State government will infuse 90 percent of the phase-1 funds, Kay Ventures and its associates will take care of the balance amount.

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