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OTM to be revived

OTM to be revived

Bhubaneswar:  Orissa Textile Mills (OTM) at Cuttack’s Choudwar after remaining dormant for 17 years, now the state Government has decided to pump in a new lease of life to it.

While the matter is sub judice, the State Government is waiting for the Orissa High Court’s verdict.

While speaking to the media on Tuesday, Industries Minister Debi Prasad Mishra has said that a joint meeting on OTM was held today between the Textile and Industries department. The matter is under sub-judice in the Orissa High Court since 2001. Hearings have also been held on different dates. Official Liquidator has been appointed for settling claims and other issues. Most of the workers have already availed VRS and some 600 are still waiting for their claims. But, State Government has decided to make it functional first so that it would promise employment opportunities there. IDCO has wished to take it up and accordingly the court was apprised of. State Government also in February 2007 had deposited Rs 30 crore in this regard within the knowledge of the court. However, the High Court’s verdict on April 28 is awaited for pursuing the future course of action.

Choudwar-Cuttack MLA Pravat Biswal said that high court has directed for re-tender and settling the outstanding arrears of the claimants. It has been decided to set right the matter as scores of its employees are languishing in the dilapidated quarters left in the lurch for years together.

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