Anna Kitex group: Textiles to Twenty20: what occurs when companies flex and flaunt their political ambition

Textiles to Twenty20: what happens when businesses flex and flaunt their political ambition

Sabu M. Jacob, managing director, Kitex

Synopsis

After its thumping victory within the lately concluded native physique elections, publicly listed Kitex Clothes is getting extra entrenched in politics in Kerala and has signalled its ambition to compete in elections to the state legislature. What does it signify for politics, enterprise, and the enterprise of politics?

A grocery store, a military of social staff, beneficiant contributions from the promoter and spending from Company Social Duty (CSR) funds, and uninhibited involvement in native politics. The consequence: an increasing affect and direct management over a clutch of native our bodies round its factories for the Anna-Kitex Group. The Kerala-based enterprise group’s demonstration of efficient operating of the native administration in a single panchayat in Kochi

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