Kitex Garments Limited announced that it's Board of Directors approved the investment proposal of INR 24,060 million mentioned in Government orders G.O.M5.No.20 & G.Q.MS.No.21 dated September 9, 2021. The said investment is planned in Kakatiya Mega Textile Park, Warangal INR 11,130 million and in Industrial Park, Sitarampur, Rangareddy District INR 12,930 million. Disclosure on Government Order has already made to the stock exchanges vide letter no. KGLJSE/202 1-22/SEPT/07 dated September 20, 2021. Board of Directors decided to incorporate a new subsidiary company in the state of Telangana with an initial investment of INR 7,500 million wherein 70% of initial investment will be invested by the Company and balance 30% will be invested by Kitex Childrenswear Ltd.