Kerala Cabinet gives nod for eight new PSUs

Small Industries Development Corporation (SIDCO), KELTRON, United Electrical Ltd, Kerala State Textile Corporation and Traco Cables would implement the projects, Chief Minister V S Achuthanandan told reporters here. He also said expansion and modernisation of Malabar Spinning and Weaving Mills, Trivandruam Spinning Mills and Kerala Soaps would be taken up at a total outlay of Rs 100 crore.
The projects include setting up a new machining shop at Shornur at a cost of Rs 12 crore by the Steel Industries and Forging Ltd, department officials said. United Electricals would start a LCD metre factory at Kuzhalmanatham with an investment of Rs five crore while two tool rooms would be set up by SIDCO at Kozhikode and by Keltron at Kuttipuram at an investment of Rs 12 crore each.

A new unit of Traco Cable Company to manufacture house wiring cale would be started at Thalassery with an investment of Rs 12 crore. A Rs 20-crore Hi-Tech Weaving Factory at Kanur and a Rs 16-crore Textile Mill at Kasargod would be set up, officials said. A programme to modernise and reopen the closed Komalapuram Mills has also been taken up by the government at a cost of Rs 36 crore.