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Saturday, 15 April 2017

Indian Government to revive Odisha Textile Mills

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Odisha (India) Government has shown immense interest in the revival of Odisha Textile Mills (OTM).

After a high-level meeting,Debi Prasad Mishra, Industries Minister of the state, said, “Decision on restarting OTM was pending in court since 2001 and the State Government is hopeful to revive it. The Odisha Government has proposed to set up an Integrated Park and Textile & Apparel industry there as well.”

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OTM was the first textile mill of the state which was shut down some 17 years ago.  The unit was established by former chief minister Biju Patnaik in Choudwar block of Cuttack district in 1950. In 1981, the mill was declared sick owing to mismanagement of company funds. Later, it was taken up by the Government, but in 2001 the textile mill was closed due to extreme financial losses.