The Hindu : Karnataka News : MPM will remain a public sector unit, says Sindhia

Online edition of India's National Newspaper
Tuesday, Sep 14, 2004

Karnataka

Karnataka - Others

MPM will remain a public sector unit, says Sindhia

By Our Correspondent

BHADRAVATI, SEPT. 13. Mysore Paper Mills Ltd. (MPM) will remain with State Government as a public sector undertaking at any cost, the Minister for Large- and Medium-scale Industries, P.G.R. Sindhia, has said.

Addressing presspersons here after visiting various departments of the factory and holding discussions with senior officials during his recent visit to MPM for an on-the-spot study of the situation, Mr. Sindhia said that the State Government had formed a committee, headed by him, to explore a plan for rejuvenating the mills.

He said that an estimated Rs. 350 crores was needed for modernising MPM, of which Rs. 60 crores would be released immediately to undertake modernisation while the rest would be released in a phased manner.

Referring to the wage negotiations of the employees, the Minister said that it would be taken up and decided in favour of the employees within a week's time.

Mr. Sindhia said that the issue of payment of subsidies to small-scale industries in the State would be resolved by the year-end.

Mr. Sindhia said that a solution to the various problems faced by sugarcane growers in the State would be arrived at after the proposed meeting in Bangalore with representatives of sugarcane growers' associations, which would be chaired by the Chief Minister, N. Dharam Singh.

Later, Mr. Sindhia was felicitated by Janata Dal (Secular) workers.

Printer friendly page
Send this article to Friends by E-Mail

Karnataka

News Update

Stories in this Section

Nod for power plant opposed

MPM will remain a public sector unit, says Sindhia

Increase in number of AIDS, TB cases in Davangere

Basavaraj is president of Davangere CMC

Foodgrains to be distributed to taluk panchayats

Around the City