Youngone Corporation donates Covid relief supplies to Telangana
The first batch of 5,000 doses landed in Hyderabad on July 1 while the remaining doses are expected by July 8.
Hyderabad: Youngone Corporation, a Korea-headquartered global leading manufacturer of Textiles has come forward to donate 10,000 doses of Remdesivir and 100,000 KN95 masks to Telangana Government to support its fight against Covid-19.
The company, known for Athletic apparel, Sportswear, Knitwear, Footwear & equipment etc operates in 13 countries and employs over 90,000 persons.
The first batch of 5,000 doses landed in Hyderabad on July 1 while the remaining doses are expected by July 8.
Kihak Sung, Chairman – Youngone Corporation said, “To stand behind the Government of Telangana in fighting against Covid-19 and to mitigate some of the sufferings of the people, Youngone hereby donates 10,000 vials of ‘Remdesivir Injections’ and 100,000 (One Hundred Thousand) pieces of KN95 face mask on an urgent basis”
Youngone Management in Bangladesh will obtain necessary permissions from concerned departments of Bangladesh Government and organize procurement and shipment of the medicine to Telangana, he said.
Thanking the company, Jayesh Ranjan, Principal Secretary Commerce & Industries, said, “We accept this donation with heartfelt gratitude. As the daily Covid numbers continue to decline at a rapid speed in Telangana, we seem to have clearly crossed the second wave peak. With generous support such as this, we now look forward to quickly putting the menace behind us and getting back to our business of facilitating investments in the state.”
Youngone Corporation, through its wholly owned Indian subsidiary Evertop Textile and Apparel Complex Private Limited, will be investing USD 120 million in Kakatiya Mega Textile Park (KMTP), Warangal, Telangana.
The company will be acquiring 290 acre land at KMTP for which it has already made full payment and is in the process of finalizing the contractor for commencement of the construction works.
The company will be setting up eight manufacturing units in the areas of garment manufacturing, knitting, technical textiles and poly products. Once operational, these units will directly employ more than 12,000 persons, according to a press release.
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