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Minister for Industries E.P. Jayarajan laid the inspiration stone for the Rubber Glove Factory of Kannur Natural Rubber Products Limited at Mattannur Kerala Industrial Infrastructure Development (KINFRA) Corporation Park on Thursday.
Speaking on the event, the Minister mentioned with the launch of the rubber-based enterprise, farmers in Kannur and Kasaragod districts can be protected. He mentioned Mattannur was a spot of immense agricultural significance. However, owing to the autumn in rubber costs, farmers are going through a gruelling time. The disaster might be addressed to a sure extent by manufacturing and advertising value-added merchandise with rubber as a uncooked materials, he noticed.
Mr. Jayarajan mentioned the primary section of the venture was aimed at manufacturing and advertising surgical gloves. The Rubber Board has ready an in depth venture report for the aim.
Kerala State Industrial Development Corporation (KSIDC), which is in control of the venture, owns 19% stake within the firm, whereas KINFRA has acquired 25% stake.
The venture value is ₹25 crore, and the development of the factory will start quickly, he knowledgeable.
Keezhallur panchayat president M. Rajan presided over the perform which was held at the Velliamparambu KINFRA Industrial Park. James Mathew, MLA; KSIDC particular initiatives director G. Ashoklal, Mattannur Municipal chairperson Anita Venu, vice chairman P. Purushothaman, and district panchayat member Ok. Mahija had been current.
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