States make a beeline as Kitex Garments drops Rs 3,500-crore Kerala plan

Kitex Garments has said Tamil Nadu, Karnataka, Telangana, Andhra Pradesh, Gujarat, Uttar Pradesh, Madhya Pradesh, and Odisha have approached them for a Rs 3,500-crore project that it had planned in Kerala.

The company said it has also received an offer from the Bangladesh government to shift the project there. Both Tamil Nadu and Karnataka governments have already made open offers to Kitex.

“Business development in Kerala is a big zero, with no help and no incentives. In addition, investors face a lot of harassment. Political and bureaucratic issues are the major reasons behind my decision to shift the project out of Kerala,”