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Jamshedpur: 26 Adityapur Industrial Area companies on revival path

Mail News Service

Jamshedpur, June 16: As many as 26 companies of Adityapur Industrial Area that have been lying shut for the last six months or even more may soon see the hustle-bustle of workers in the days to come. Jharkhand Industrial Area Development Authority (JIADA) has set the ball rolling to revive these defunct companies.

Sources said a survey of the shutdown companies is being conducted with the view to revive them if possible. JIADA’s Regional Director Prem Ranjan is holding meetings with the stakeholders of these companies so that they may be motivated to restart their companies, sources said.

Sources said most of the said companies are shut for the last six months. Efforts are being made to allot the companies to other investors willing to restart them. Industrialists who have either acquired any of these companies through auction by banks or other government institutions or through their own resources are also being helped by JIADA, sources said.

New entrepreneurs are also being prepared to invest in the defunct companies so that direct and indirect employment opportunities may be generated, sources added.

Some of the companies being revived include Prowess International Private Limited, Shri Raj Durga Ispat, Ashirwad Sponge Iron Private Limited, Indico Motors Private Limited, Sudisha Foundry, Bharat Rubber Regenerating Company Limited, RD Alloys Private Limited and Highco Engineers Private Limited, sources said.

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