State proposes revival of Odisha Textile Mills after 17 years
Bhubaneswar: The Odisha government has announced its interest to revive Odisha Textile Mills (OTM), the first textile mill of the State which was shut down some 17 years ago. The unit was established by former chief minister Biju Patnaik in Choudwar block of Cuttack district in 1950.
After a high level meeting Industries Minister Debi Prasad Mishra said, “Decision on restarting OTM was pending in court since 2001 and the State government is hopeful to revive it.”
“The Odisha government has proposed to set up an Integrated Park and Textile & Apparel industry there as well,” he stated.
Sources said, OTM had its first production in 1950 as a Public Sector Unit. In 1981, the mill was declared sick owing to mismanagement of company funds. Later, it was taken up by the State government, but in 2001 the textile mill was shut down due to extreme financial losses.