Youngone Corp. is investing 9 billion Indian rupees (€114m-$127m) to set up eight new factories at the Kakatiya Mega Textile Park (KMTP) in Warangal, in India’s state of Telangana. The factories should create up to 12,000 jobs directly or indirectly. They will be producing knitted and woven apparel and technical textiles for export. According to KMTP, Telangana ranks third among India’s cotton-producing states and boasts a good network of roads and railways. KMTP is being vertically integrated to cover the entire value chain in textiles. Youngone is a big Korean-based group that produces outdoor and athletic apparel, footwear and fabrics and operates other factories in Bangladesh, Vietnam, China, Uzbekistan and El Salvador. Among other investments in brands, it acquired a controlling stake in Scott Sports Group in 2015.