Kerala's cashew industry sighs in relief as govt steps in to address crisis

The industry had earlier sought the govt to look at the issues related to the higher wages and bonus and bring in some conditions so that the wage levels in effect can come down

In a breather to the ailing cashew processing industry in Kerala, the State government has decided to constitute a committee comprising bankers and government officials to look at the issues troubling the sector and come up with a revival plan. The committee would look into the issues each company is facing and suggest revival methods, said leaders of the joint action council formed by the cashew industry in the State.

The cashew processing industry in Kerala, which has been facing crisis owing to higher wages, trade union issues and mounting non-performing assets (NPAs), had earlier sought a special package from