WALAYAR (PALAKKAD): Industries Minister Elamaram Karim said here on Saturday that the government would give sanction for a Rs.80-crore modernisation project for the public-sector Malabar Cements Ltd. (MCL) at Walayar.
Inaugurating a marketing and personnel block of the company at the MCL township here, the Minister said Rs.40 crore would be spent on modernisation during the current financial year and the remaining amount in the next financial year. The modernisation drive is being taken up using the companys surplus fund.
He said modernisation of the operations was expected to bring down the cost production and control pollution. It will also help the company to face competition from the private sector cement companies whose cost of production was lesser than MCL.
The Minister said the government would use the surplus fund of profit-making public sector companies to start 10 new public sector units in the State. This will remain as the share of the investing companies in the new units.
He said all contract workers who had completed 10 years service in MCL would be made permanent as part of a government policy.
The Minister said an industrial water supply scheme has been proposed for the Kanjikode industrial area as the industries can no more depend on groundwater.
Saturday, July 24, 2010
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