T.N. invites Kitex to invest in State
The Hindu
Group says the neighbouring State also offered many incentives
The Tamil Nadu government has extended a formal invitation to Kitex Group to invest in the State, the group has said in a press release issued here on Friday. The invitation comes close on the heels of the group announcing that it was withdrawing from investments to the tune of ₹3,500 crore promised in garment manufacture sector and private industrial parks in Kerala. The group had alleged harassment in the form of frequent inspections on its premises at Kizhakkambalam, near here, by officials of the Labour and other departments. Sabu M. Jacob, chairman of Kitex Group, told The Hindu that he was surprised that no official from the State contacted him since he announced the scrapping of investment plans. This was in stark contrast to Chief Ministers, Industries Ministers and others contacting him during these three days inviting him to invest in their States, he said.
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