Financial Daily from THE HINDU group of publications
Thursday, Dec 05, 2002
Financial Daily from THE HINDU group of publications Thursday, Dec 05, 2002 |
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Agri-Biz & Commodities
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Cashew Pact on reopening cashew factories Our Bureau
THIRUVANANTHAPURAM: Representatives of a consortium of banks in the State have agreed to resume working capital payout to a number of cashew factories being run by Kerala State Cashew Development Corporation and the Kerala State Cashew Workers' Apex Industrial Cooperative Society (Capex). This was decided at a meeting of the consortium bankers convened by the Industries Minister, Mr P.K. Kunhalikkutty, an official spokesman said. The Minister has since issued a directive to the Managing Director of the corporation to reopen the factories. Apart from the Minister, the bipartite meeting was also attended by the Secretary (Industries), Mr Ajay Kumar, the Chairman of Cashew Development Corporation, Mr K. Gopinath, the Capex Chairman, Prof Balachandran, and the Managing Directors, Mr Gunavardhan and Mr George Mathai Tharakan.
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