Youngone Corporation is pleased to announce that it has broken ground on a new facility in Telangana in central India, just north of Bangalore, on June 17, 2023.
The project at the Kakatiya Mega Textile Park in the Warangal district will include eleven factories, with an initial investment of US$120 million.
“We are delighted to expand our manufacturing operations into India for the first time,” said Youngone Chairman Kihak Sung. “We have been operating with great success in neighbouring Bangladesh for over 40 years, so our investment in India will help to further diversify our manufacturing operations and expand our material business capabilities, as well as providing access to the world’s largest consumer market.” he added.
As part of its commitment to the Telangana region, Youngone will install solar panels, plant trees and employ advanced water management techniques to protect and preserve the environment.
