Youngone donates 10k doses of Remdesivir to Telangana

Hyderabad : Youngone Corporation, a Korea-headquartered leading manufacturer of textiles, has donated 10,000 doses of Remdesivir and one lakh KN95 masks to Telangana government to support its fight against Covid-19.The first batch of 5,000 doses landed in Hyderabad on July 1 while the remaining doses are expected by July 8, the state government announced on Monday.”We are all very sorry to hear of the troubled situation in India and Telangana. 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 pieces of KN95 face masks on an urgent basis. Accordingly, Youngone Management in Bangladesh will obtain necessary permissions from concerned departments of Bangladesh government and organise procurement and shipment of the medicine to Telangana,” said Kihak Sung, Chairman, Youngone Corporation.Jayesh Ranjan, Principal Secretary, Commerce & Industries, thanked Youngone on behalf of Telangana government.
“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,” he saidYoungone, a global manufacturer of textile, technical outdoor/athletic apparel, sportswear, knitwear, footwear and equipment, operates in 13 countries and employs over 90,000 people worldwide.Youngone Corporation, through its wholly-owned Indian subsidiary Evertop Textile & Apparel Complex Private Limited, will be investing USD 120 million in Kakatiya Mega Textile Park (KMTP), Warangal, Telangana.The company will be acquiring 290 acres of land at KMTP for which it has already made full payment and is in the process of finalising 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 people.