Telangana Chief Minister K Chandrashekar Rao will lay the foundation stone for Kakatiya Mega Textile Park in Warangal district on October 22.
Minister for IT and Industries, K T Rama Rao, held a review meeting with senior officials on the textile park, which will come up in 1,200 acres in its first phase and in total 2,000 acres at Shayampet, Chintapalli village, an official release said.
Telangana being one of the largest producers of cotton, the textile park will yield productive results not only to the state, but also to the country, it said.
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"This being a major textile park in the country, it will help in generating 22,000 direct and 44,000 indirect employment opportunities to the youth of Telangana. In total, the textile park will create 66,000 jobs in its first phase.
"Investors from across the globe are showing interest in investing in the Park. Presently, 12 companies have agreed to invest in the textile park with an investment to the tune of Rs 3000 crore," it said.
Noted industrialists from the country would also participate in the inaugural event, it added.
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