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Last-ditch move to revive 2 Hindustan Paper Corporation mills: Chandra Mohan Patowary

Last-ditch move to revive 2 Hindustan Paper Corporation mills: Chandra Mohan Patowary

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  29 Dec 2019 6:06 AM GMT

STAFF REPORTER

GUWAHATI: Call it his last-ditch effort or otherwise, State Industries and Commerce Minister Chandra Mohan Patowary has said that a fresh move has been underway to revive the two HPC (Hindustan Paper Corporation) mills in Assam – one at Jagiroad in Morigaon district and the other at Panchgram in Cachar district.

Addressing a press conference at Janata Bhawan here on Saturday, Patowary said, “It was Abu Dhabi-based businessman BR Shetty’s BRS Ventures Investment Ltd that evinced interest to invest in the two paper mills in the State. He, however, stepped back. I’ll make a fresh request to BR Shetty for a second thought. However, now a few companies of Assam and the Northeast have got into a huddle to form a consortium to run the two paper mills. They talked to me yesterday. They’ve already had talks with banks. The picture will be clear after January 2, 2020. Besides having a fresh talk with BR Shetty, I’ll also talk to the advocate of the liquidator to find out an amicable solution.”

On the notice to the HPC employees asking them to vacate their quarters by January 31, 2020, the Minister said, “They won’t have to vacate their quarters. The authorities haven’t made them off the grid. Their water and power connections are still intact.”

Also Read: Rs 64,930-cr investment in post-Advantage Assam: Chandra Mohan Patowary

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