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STATES: KSTC in recast mode; revival scheme for mills.
from BUSINESS LINE, June 30, 2009 Thiruvananthapuram, June 29 - The Kerala State Textile Corporation (KSTC) has embarked on a revival scheme for the textile mills under its fold at a total outlay of Rs 24.10 crore.
The exercise has been set in motion in the light of the poor performance of the textiles sector among the public sector enterprises, even as the other sectors have shown significant improvement in terms of profitability over the last few years.
The scheme covers modernisation of Kottayam Textiles (Rs 3.56 crore), Prabhuram Mills (Rs 4.47 crore) and Edarikode Textiles (Rs 2.38 crore) and total revival of Malabar Spinning and Weaving Mills (Rs 13.69 crore). …
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