4 days ago
Production plant of Forest Industries Travancore Limited to be modernised
The production plant of Forest Industries Travancore Limited, one of the oldest State public sector units (PSU), at Aluva is set to be modernised as part of the Kerala government's Rejuvenation and Revival of Viable PSUs plan.
The Forest Industries Travancore Ltd. (FITL), which was set up in 1946 with major focus on manufacturing wooden furniture and joineries, operates in a highly competitive micro, small and medium enterprises (MSME) market segment. Due to the lack of modern equipment and advanced machinery, the current production system at the company has been yielding lower outputs, resulting in above average wastage compared to industry competitors.
To address these challenges and to meet market demands, the management has planned on upgrading the current manufacturing facilities. The installation and commissioning of a chemical treatment plant, semi auto cut-off machine, high-end computers and other ancillary facilities in the design studio are proposed to produce custom-designed furniture.
The remodelling of the existing showroom, encompassing civil and electrical works, is also the targets of the scheme. The departmental working group considered and approved the proposal for administrative sanction.
