Kitex Garments Plans For Expansion
Kitex Garments limited has informed that the board of directors of the company at its meeting approved the following:
1. To incorporate 2 wholly-owned subsidiary companies.
2. To increase the manufacturing capacities of the company to meet rising future demand.
3. To engage M/s. KMPG in the total implementation of the project.
4. To invest Rs. 400 crores (Rs. 200 crores each) in these companies from internal accruals and borrowings.