Summary:
more-inThe National Company Law Tribunal (NCLT) has approved the proposal for the revival of Sirpur Paper Mills. It had made multiple attempts to revive Sirpur Paper Mills in the last three years, he said, pointing out that the State government representatives had visited Ahmedabad, Mumbai, Kolkata and many other cities and held talks with various companies for the revival of the facility. KCR thankedHe thanked Chief Minister K.Chandrashekar Rao and the Industries Minister for their efforts and keenness to facilitate reopening of one of the oldest paper manufacturing units in the country. Once revived, the facility would generate 1,200 direct and 4,000 indirect employment opportunities in the region, the release said. Sirpur MLA Koneru Konappa said the latest development has rekindled hope in the town of Kaghaznagar, whose economy had collapsed due to the factory’s closure..