The government asked for sanction of ₹897.92 crore for infrastructure at the textile park, and also early approval of the project, an official press release issued in Hyderabad said.
Rao also requested Irani to finalise the policy for Development of Manufacturing Regions for Textile and Apparel Sector (MRTA) so that projects like KMTP can benefit, the release said.
KMTP is in line with the draft policy of MRTA of the ministry of textile aimed at establishing manufacturing facilities for domestic and export-led production in apparel and other textile-related sectors, the release said.
The park has already received a foreign direct investment commitment of $145 million from Youngone Corporation, South Korea, and the Telangana government has signed memoranda of understanding for ₹3,020 crore with 14 textile and apparel companies, the release added.
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