Ready to revive Ballarpur Industries Limited : Kadiam, KTR
In a significant development the State government on Wednesday agreed to revive Ballarpur Industries Limited BILT Company, which is known as Kamalapur...
Hyderabad: In a significant development the State government on Wednesday agreed to revive Ballarpur Industries Limited (BILT) Company, which is known as Kamalapur Rayons Factory in Warangal district.
Deputy Chief Minister K Srihari, Industries Minister KT Rama Rao on Wednesday said that the government is committed for reviving the closed factories in the State and provide employment to the workers.
With this, the efforts being made by Srihari for quite some time, are getting fructified. The ministers took a decision to this extent followed by a meeting with the management of the company in the presence of officials concerned at Secretariat in Hyderabad.
Instructing to submit proposals in seven to 10 days for reopening the factory, Srihari and KTR said that the government will provide necessary concessions to reopen the factory.
The proposals will be submitted to Chief Minister K Chandrashekar Rao for his approval to reopen the factory, the ministers vowed. The management expressed happiness at the development and said that they will prepare necessary proposals in about 10 days to the government.
The management also extended thanks to Srihari, KTR and the government for finally agreeing to give essential support for the company to restart. Srihari held talks with KTR along with the management and delegates and the Industries minister agreed to revive the Rayons Factory.
KTR said that the government is ready to revive the defunct company as its revival in Bhupalpally will protect the interests of the working class and also provide employment to new worker. Give proposals in seven days and will return with reply as to what extent it can provide concessions or support required for reviving such company he said. The government will make efforts to revive the factory, he added.