Fertilisers and Chemicals Travancore (FACT) is the major Public Sector Company in Kerala, which produces fertilisers and chemicals like ammonium. The FACT was started in 1943 by the Maharaja of Cochin, but later converted to PSU. This was giving sterling performance for many years. But due to the neo-liberal policies being implemented by the Central as well as the present UDF government in Kerala, the company is in loss and is in a critical situation.

A “Save FACT Action Committee” formed to rejuvenate the FACT, including all trade unions and political parties. The Committee has called for a Bandh today at Ernakulam and the same has been fully successful.

The Central and state Governments should immediately take necessary action to save the FACT and make it a profitable company as before.