JKIL spends Rs 2.5 cr to modernise Bemina Woollen Mill

Srinagar: Jammu and Kashmir Industries Limited (JKIL) has spent Rs 2.50 crore on modernisation and upgradation of Bemina Woollen Mill as part of efforts to make the public sector undertaking (PSU) a profitable enterprise.

The modern and upgraded Bemina Woollen Mill was inaugurated by state Industries Minister S S Slathia here yesterday, an official spokesman said.

Assuring full support to make it a profit-earning PSU, the Minister asked its employees and workers to fulfil the assigned targets so that they able to get benefits of the Sixth Pay Commission recommendations.

Slathia said the Mill was JKIL`s one of the sick PSUs which has been revived after remaining in red for about 15 years due to turmoil.

Lauding the workers and officers for excellent work done during last one year, the minister announced unreleased cost of living allowance and house rent allowance in favour of existing employees as a token of appreciation and encouragement.

The minister, however, asked the workers not to be complacent and continue putting in their best efforts and hard work to make the JKIL one of the best PSUs.

He said Govt. Silk Factory is also being modernised at a cost of Rs 2.50 crore for enhancing production of world famous silk fabrics.

A state of art silk showroom has already been commissioned at a cost of Rs 1 crore to promote sale of Kashmiri silken cloth among tourists and visitors.

Slathia said all these measures have been taken to boost the production of silken products.