Northeast India’s Only English and Hindi Satellite News Channel
Last Updated: 25th March, 2022 11:57 IST

Assam Govt decides to buy bankrupt Nagaon & Cachar Paper Mills

First Published: 23rd March, 2022 16:03 IST

In a major move, the Assam government has decided to buy the beleageured Nagaon and Cachar paper mills. This decision was taken in a cabinet meeting that was held today

In a major move, the Assam government has decided to buy the beleageured Nagaon and Cachar paper mills. This decision was taken in a cabinet meeting that was held today under the chairmanship of Chief Minister Dr. Himanta Biswa Sarma.

The government would be buying both the paper mills at a cost of Rs 375 crores. On the other hand, pension would be given to the retired employees in a period of three months while a hundred other employees would be appointed in other state government departments. This was announced by state cabinet minister Pijush Hazarika.

Debt ridden and defunct Nagaon and Cachar paper mills of the government-owned Hindustan Paper Mill  Corporation have been closed since March 13, 2017 and October 20, 2015 respectively. The Assam Cabinet had already sanctioned Rs 700 crores for the employees and families of both the paper mills on September last year.

COMMENTS

WE RECOMMEND

Banner
Assamese documentary ‘Fehujali’ screened at 7th New Delhi Film Festival

Produced by the Director General of Police, Assam GP Singh, “Fehujali” is directed by Dr. Partha Sarathi Mahanta, IPS, with English subtitles meticulously curated by Dr. Jovial Kalita.

28th March 2024
Banner
Lok Sabha Polls: Topon Gogoi files nomination for Jorhat LS seat, accompanied by Assam CM

Kamakhya Prasad Tasa and Ranjit Dutta also filed their nominations for the coming Lok Sabha elections.

27th March 2024
Banner
LS polls 2024: Candidates in Assam declare assets in election affidavit, check out how rich they are

The affidavit submitted by Union Minister Sarbananda Sonowal, who is contesting the election from the Dibrugarh seat has revealed that has Rs 48 lakh in 4 different bank accounts

27th March 2024
Banner
HM Amit Shah to visit poll-bound Assam on April 6

CM Sarma said, "Our goal is to make sure our party's victory in each pooling booth because we would only win the battle if we win in all booths."

27th March 2024
Banner
Union Ministers Sarbananda Sonowal, Kiren Rijiju file nominations for LS Polls 2024

Sonowal filed his nomination in Dibrugarh, Rijiju filed his papers in Aalo in Arunachal. Sonowal is contesting for the Dibrugarh seat, Rijiju is contesting for the Arunachal West set for another term

26th March 2024