The auctioning of 48.23 acres of land belonging to the historic Sirsilk factory in Kagaznagar has dashed hopes of its revival. Once a thriving silk manufacturing unit established by the Nizam in 1939, the factory faced repeated closures due to financial losses.

Adilabad: Hopes of people and workers have been dashed with the process of auctioning lands belonging to the 86-year-old Nizam-era Sirsilk factory in Kagaznagar town commencing on Saturday.

The silk cloth manufacturing unit was established on the outskirts of Kagaznagar town by the then Nizam government creating employment opportunities for 3,745 workers from several parts of erstwhile Andhra Pradesh in 1939. It was known for producing fine quality artificial silk and exported to domestic and international markets. The arriva

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