Apparel manufacturer Page Industries said it will invest Rs 290 crore to set up two facilities in Telangana. The new units will provide a total of employment to 7,000 local youngsters. It will manufacture garments that include sportswear and athleisure wear, a release said.
The announcement was made after a top management team from the company led by V Ganesh, Managing Director, met Telangana Industries Minister K T Rama Rao here.
The two proposed locations of Page Industries are at Whitegold Spintex Park Facility in Ibrahimpatnam and at Mulugu in Siddipet district, it said.
The Ibrahimpatnam facility will be a 1,50,000 sq ft Plug and Play facility built by Whitegold Spintex Park and leased to Page Industries. This facility will provide jobs to 3,000 local youngsters.
Page Industries will build its own facility at Mulugu in Siddipet district in a 25-acre parcel. This facility will provide employment to 4,000 local youngsters, the release said. Rama Rao welcomed Page Industries to Telangana and assured all possible cooperation from the state government.
IT and Industries Department Principal Secretary Jayesh Ranjan, and Director Textiles Mihir Parekh were among the other officials present. Page Industries is the exclusive licensee of Jockey and Speedo in India.