NAGAON AND CACHAR PAPER MILLS TO BE PRIVATISED

Union Heavy industries and Public Sector Enterprises Minister Anant Geete on Tuesday addressing a press meet in New Delhi said that the Nagaon and Cachar Paper Mills will soon be privatised. The minister said that the Operation and Managements will soon be handed over to private sectors. However, the pending salaries of the workers is still uncertain. It may be mentioned that the Assam government has been persuading the centre regarding revival of the paper mills but got delayed due to payment issues to clear dues and repair machineries. Although the management is to be handed to a third party for revival, the ownership will remain with the central government.

It may be mentioned that the Nagaon unit’s last production day was March 13’1017 with an output of 270 tonne against and installed capacity of 300 tonne a day, while the production at Cachar Paper Mill has been stopped since October 2015. The two units have a total staff of around 1,500 and installed capacities of one lakh tonnes each per annum.