14 factories close down operations in Vizinagaram district
The Hindu
Opposition parties seek government’s support for their revival
Fourteen major industries have stopped production in Vizianagaram district, leading to denial of employment to nearly 50,000 people.
Twelve jute factories and two sugar factories were closed in the last couple of years owing to various reasons, such as steep hike in raw material cost and drop in demand for produce. With the strong competition from Bangladesh jute products, the jute companies in Vizianagaram stopped production. Some of them will not be revived in future too with the sale and conversion of properties for other purposes.
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