Sabu Jacob

The amount of investment was announced by the Kitex MD a day after the Memorandum of Understandings (MoUs) were signed with the Telangana government for two major investment projects.

Kitex enters Telangana with initial investment of Rs 1,000 crore

The investment would generate jobs for around 4,000 people in Telangana, Kitex Garments MD Sabu M Jacob said. The announcement comes days after the company decided to withdraw its investment plan in Kerala citing the "harassment" by state officials.

Kitex controversy is a sign Kerala is yet to shake off its anti-industry image

For Kerala to perform to its potential, the role of the government should be well-defined as an enlightened regulator and facilitator of investments — and not that of a market participant and competitor 

Kitex Garments to invest USD1 million in US, eyeing sales growth

In an interview to CNBC-TV18 Sabu Jacob, Chairman & MD, Kitex Garments said the company is planning for a very aggressive capacity expansion over a period of three years.

Expect huge business from Sams Club: Kitex Garments

Speaking to CNBC-TV18, Sabu Jacob, CMD of Kitex said that the company expects a 20 percent revenue growth in FY17 and huge business from its new client, Sams Club - a Walmart subsidiary.

Targeting Rs 600-650 cr revenues this year: Kitex

Speaking to CNBC-TV18, Sabu Jacob, CMD, Kitex Garments says any interest subsidy now will only boost the company‘s business and increase its profitability.