From Our Special Correspondent

Daijiworld Media Network

Bengaluru, Jan 5: Industry minister M B Patil has set an ambitious target of achieving Rs 5000 crore turnover for the state-owned Karnataka Soaps and Detergents Ltd, by the year 2030. 

Speaking after distributing comprehensive health cards and inaugurating the comprehensive health check-up camp for the KSDL employees, he said the state undertaking with a rich history of over 100 years must embark on a large-scale expansion plan.

A big and well-equipped complex that can house several government offices is being built and the company should look at expanding over the next 100 years, he said.

The minister pointed out that the Kanija Bhavan building on Race Course Road has been accommodating several government offices and the proposed complex should also aim at providing office space for many more government offices. The income from rent would help the KSSL in mobilising the necessary funds for its activities.

Patil said the present turnover of KSDL was in excess of Rs 1200 crore. The company should aim to double it to Rs 2500 crore by 2025 and again double to Rs 5000 crore by 2030.

The KSDL products have secured a market for its products in Europe and Arab countries and the export activities must be stepped up further.

The minister said another state-owned company, the Mysore Sales International Ltd (MSIL) is on a massive expansion spree. The company will embark in the Chit Fund business on the Kerala model and was aiming at reaching the annual turnover to Rs 10000 crore.

MSIL has recently take up premium alcoholic brands promotion and sale by setting up 200 modern liquor boutiques.