JJ Exporters shuts Bengal unit

Manufacturers and exporters of silk fabrics, JJ Exporters Ltd, today said it is closing its West Bengal-based unit - J J Spectrum Silk.

The company has informed BSE, "J J Spectrum Silk, a unit of J J Exporters Ltd, situated at Diamond Harbour Road, Gangarampur, South 24 Parganas, which was temporarily closed from December 1, 2013, cannot be revived and all efforts to revive the unit have failed."

Under the circumstances, the management has decided to "close the unit permanently" and dispose off the plant and machinery and subsequently the land and building to pay off the banks, it said.