Top News
Next Story
NewsPoint

Assam's ailing paper mills may be revived by BRS Ventures

Send Push
The Economic Times
18th October, 2019 21:54 IST

GUWAHATI: 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 on Friday said, "I am interested in buying the two paper mills of Assam which has been lying defunct for several years now. Rameswar Teli [Food Processing Industries Minister] 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.”

Explore more on Newspoint
Loving Newspoint? Download the app now