Youngone Corporation, the textile giant of South Korea, will lay the foundation for the establishment of its Telangana’s factories in January next year.
Media reports quoted Telangana State Industrial Infrastructure Corporation (TSIIC) Zonal Manager R Santosh Kumar saying that the company’s five factories will start in the first phase while another three will come up in the second phase. The units will be in Kakatiya Mega Textile Park (KMTP) in Warangal.
Known for a variety of products like synthetic jackets, track suits and apparel, Youngone Corporation had announced an investment of Rs. 900 crore in the state in December 2019.
Also Read: Korea’s Youngone Corp. investing Rs. 900 crore in India
Reports also add that now, the company is looking at infusing over Rs. 3,000 crore in the state’s textile sector. The company has asked for another 30 acres of land and this would create more than 20,000 jobs.
Prior to this, in April 2021, it was said that the company will start its operations within six months at Kakatiya Mega Textile Park (KMTP) in Warangal. This facility is expected to create jobs for around 12,000 people.
Also Read: Youngone to start operations in Warangal soon; more Korean companies looking at investment
Bharat Tex Special Report 2026 
