The Telangana state government and Texport Industries Private Ltd (TIPL) recently signed a memorandum of understanding (MoU) to set up an apparel manufacturing factory on plug-and-play mode in the Sircilla Apparel Park. The company will initially install 800 machines and employ 1,600, and later expand to 1,000 machines to create more jobs over three years.
The factory will be set up with an investment of ₹60 crore, according to media reports from the state.
TIPL manufactures woven as well as knitted garments. It produces 1.6 million garments a month from 19 directly-owned facilities across the country. It employs more than 15,000 now and has an annual revenue of around ₹620 crore.
