Telangana government to set up Apparel Park in Sircilla

Telangana government is setting up an apparel value chain system at the upcoming apparel park in Sircilla district near Karimnagar in Telangana. The new park will entail an estimated investment of Rs 100 crore in collaboration with apparel manufacturer Kay ventures. The new park will come up in an area of 20 acres, will house 5,000 state of the art sewing units with its corresponding embroidery, printing, washing and value addition/support facilities and is proposed to be developed in three phases and will be fully operational in three years. The first phase of the project will come up at an investment of Rs 30 crore and will be operational in 9-12 months. While 90% of the investments in the first phase will be borne by the government, remaining will be funded by Kay ventures and their associates. In the second and third phase, capacities of 1,000 machines and 1,500 machines respectively will be created with the necessary support infrastructure and will be funded with the support of Centre, State and Kay Ventures.

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