HPC's Nagaon and Cachar Paper Mills going to be revived

摘要

HPC's (Hindustan Paper Corportation) Nagaon and Cachar paper mills under public sector are in quite bad shape; the MoS for food processing has asked BRS Ventures to take over the mills, in a bid to revive them. Union Minister of State for food processing, Rameswar Tali, has proposed BR Shetty, Chairman of BRS Ventures Investment Limited to invest in two paper mills in Assam. The mills in question are the Nagaon and Cachar ones, which are in quite bad shape. Shetty, who was in Dibrugarh in Upper Assam said, "I am interested in buying the two paper mills of Assam which has been lying defunct for several years now. Rameswar Teli has approached me to buy and revive the two paper mills. I am quite willing to acquire the mills, but first the National Company Law Appellate Tribunal (NCLAT) and the government must approve the takeover." Tali, who was also present at the programme, said, "I have requested the industrialist to invest in the two paper mills."