Sick state of MSMEs in Amethi, the crucial battleground for big politicians

Amethi, July 30 (KNN) As many as four small industries in Amethi have been declared sick by the Commissioner of Faizabad district.

The Commissionet has ordered to rehabilitate these units.

The sick industries are- Wood World Industries, Jagdishpur; Shiv Shakti Industries, Jagdishpur; Abhaya Rice Mill, Tiloyee; and Vashno Industries.

The decision was taken in the meeting of Mandal Udyog Bandhu  in the office of the district commissioner.

The Chairman of Indian Industries Association, Amethi Chapter, Shahnawaz Ahmad said that due to the negligence of bank departments, MSMEs in Amethi have reached to a worst position within 15 months

“IIA Amethi is doing the best for sick industries," he added.

Recently, the commissioner had already declared seven industries sick, he informed.

Ahmad said that the commissioner has ordered to ban the harassed recovery process of the banks.

A meeting would be organised in the Jagdishpur Industrial area of Amethi at first week of August after the request made by IIA Amethi. (KNN Bureau)