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Alleging witch hunt by government, Kitex Group withdraws…

By - Siju Kuriyedam Sreekumar -- Wednesday, June 30, 2021

Kitex Garments, the world’s second-largest manufacturer of kids apparel company MD Sabu Jacob stated that they are withdrawing from a Rs 3500 crore worth project in collaboration with the state government. He made it clear that they are withdrawing the memorandum of understanding (MoU) signed with the Kerala government at the 'Ascend Global Investors Meet' in Kochi in January 2020. The plan was to open an apparel park in Kochi and establish industry parks at Thiruvananthapuram, Kochi and Palakkad.

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