FACT foundation day observed
Communist Party of India alleges deliberate attempt to glorify C.P. Ramaswamy Iyer
The foundation day of Fertilisers and Chemicals Travancore Limited (FACT) was celebrated on Tuesday, September 22, at the company's Udyogmandal club. Former Cochin Shipyard Limited chairman and managing director Madhu S. Nair delivered the inaugural C.P. Ramaswamy Iyer memorial lecture. A portrait of Ramaswamy Iyer, the Dewan of the erstwhile princely state of Travancore, was unveiled during the event.
Eleven senior employees of the public sector firm were recognized for their contributions. FACT chairman and managing director S. Sakthimani was present at the celebrations.
The Communist Party of India (CPI) criticized the company's management for attempting to observe the foundation day in honor of C.P. Ramaswamy Iyer. N. Arun, the Ernakulam district secretary of the party, claimed that Iyer played a natural role as Dewan of Travancore in establishing the public sector unit. Arun alleged that the State government was deliberately ignoring the political motivations behind the effort to emphasize Iyer's role in the company's establishment.
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