On Sunday, (July 11), the chairman and managing director of Kitex Garments, the world’s second-largest manufacturer of kids apparel, Sabu M Jacob gave a profound statement on the state of affair when it comes to doing business in the Communist state of Kerala.
Jacob has said that “he wouldn’t invest a single rupee in Kerala anymore“.
When Jacob was asked about the allegation made by Kerala Chief Minister Pinarayi Vijayan that the Kitex issue is being raised against his state with the intent to shame it, Sabu Jacob said, that he would not respond to the Chief Minister’s statement, reports The New Indian Express.
“I will not respond to the chief minister’s statement. My conscience does not allow me to invest even a rupee anymore in the State,” Sabu told reporters at the Kochi airport on his return from Telangana.
“We were given a grand welcome in Telangana. The company will finalise the investment process in the next two weeks,” he said.
“Even if we set up units in Telangana or any other state, I will give a job to any Keralite who approaches me there,” he added.
KITEX is Kerala’s largest private employer, with a long-running feud with the State’s communist government, has decided to enter Telangana with a Rs 1,000 crore investment.
KITEX Managing Director Sabu Jacob and a five-member team, on Friday (9 July), was flown on a special flight to visit Hyderabad by the Telangana government and just a day later it was announced that the company plan invest Rs 1,000 crore to set up its factories at the Kakatiya Mega Textile Park in the Warangal district.
Recently, Kitex Garments had cancelled its plans to open an apparel park in Kochi and other areas due to constant harassment by officials of the CPM-led government.
“Almost every day, officials of the government department descend on the premises of the company and make inquiries as if we committed a big fraud. I am fed up with continuous harassment. The government treats us like bourgeoises, exploitative capitalists and land encroachers. Enough is enough,” Kitex chairman Sabu M Jacob said.
“If the situation continues like this, the State will turn into a graveyard of industries. While neighbouring states roll out red carpets for industries, we are hounding them out. No doubt, the existing climate will drive entrepreneurs to suicide,” he said, adding that the latest to inspect his premises were officials from the pollution control board.
“Whoever invests in Kerala will lose peace of mind and will be driven to suicide,” Sabu Jacob added.
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