Forest Industries Ltd All Set to Tap Tourism Potential
By Pramod Thomas | Published: 01st January 2014 09:58 AM |
Trying to shed away its six-decade-old monotonous run, public sector entity Forest Industries (Travancore) Limited (FIT) is all set to diversify its operations.
The state government-owned company is planning tourism projects on a nine-acre land near the Periyar at Aluva. As the Companypady junction station of Kochi metro rail will come up right in front of the company premises, FIT is planning projects which would be able to utilise the commercial viability of the area.
The company along with the Kerala Horticulture Department has started cultivation of plantain and vegetables in its campus in order to meet the requirements of its nearly 100 employees.
“We are finalising projects which will give good growth to the company. Our single largest asset is the land at a prime location.
“The company is just 20 km away from Kochi, 10 km from the International Container Transshipment Terminal (ICTT) and 12 km from the Cochin International Airport, which gives it a strategic advantage. The FIT will soon launch some projects with the assistance from the state government.
“Though there was a proposal to start a furniture city on the land, it was scrapped off later,” said FIT managing director Azim Ismail.
FIT, established in 1946, is the only government-owned company in Kerala solely engaged in manufacture of wooden furniture and joineries and is located at Thaikkattukara near Aluva. Originally, the company was an agency for FACT for procuring wood from Kerala Forest Department.
Since 1962, FACT changed its functions and therefore the operation discontinued in 1963.
M O John, trade union leader at FIT, said it is high time that the company goes for diversification.“Trade unions will give full support to all the new initiatives of the company. Our only concern is that all these projects should be carried out under the FIT management. “We will not give nod to projects which are proposed eyeing the real estate potential of the company,” he added.