1 year ago
Kottayam Textiles Set to Reopen June 2 After Five-Year Closure
Imagine a big factory called Kottayam Textiles that makes clothes.
This factory closed for over five years because it ran out of money.
Now, the government is helping to open it back up!
They are buying new machines and paying off old bills.
The factory will start working again on June 2nd.
Lots of people are happy because they can go back to work and earn money.
The government is also planning to spend more money to make the factory even better in the future.
Kottayam Textiles, a unit of Kerala State Textile Corporation Ltd, will reopen on June 2.
The unit had been closed for five and a half years.
The government sanctioned ₹8 crore for new machinery and equipment.
The government allocated a ₹40-crore package for future development.
Unpaid electricity charges of ₹8 crore were waived by the government.
- Who
- Kottayam Textiles (a unit of the Kerala State Textile Corporation Ltd)
- What
- Reopening of Kottayam Textiles after being shut for over five years.
- Where
- Vedagiri under the Kaduthuruthy Assembly constituency
- When
- Reopening on June 2
- Why
- Due to a shortage of working capital and raw materials, also unpaid electricity charges.
Key facts
- Name
- Kottayam Textiles
- Parent Company
- Kerala State Textile Corporation Ltd
- Reopening Date
- June 2
- Closure Duration
- Five and a half years
- Funds for New Machinery
- ₹8 crore
- Development Package
- ₹40 crore
