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West Bengal govt approves Rs 450mn for two sick jute mills
10 Sep '12
1 min read
The Government of West Bengal, a state in eastern India, has approved a Rs. 450 million relief package for workers of two sick mills under the National Jute Manufacturers’ Corporation (NJMC).
The rehabilitation package for Kennison Jute Mill and Khardah Jute Mill, both located in Hooghly district of the state, was approved at a meeting of the state Cabinet Chaired by Chief Minister Mamta Banerjee.
The two mills, which together employ over 5,000 workers, would be granted status of relief undertakings for six months, the Chief Minister said.
Panchayat Minister Subrata Mukherjee said as the two mills are located in the state, the state government felt it was its moral duty to formulate a rehabilitation package for the workers of the two sick mills.
Of the total sanctioned sum, Rs. 270 million would go to Khardah Jute Mill, while the Kennison Jute Mill would be given Rs. 180 million, he added.
The two mills were sick since 1983, and they approached the Board of Industrial and Financial Reconstruction (BIFR) in 1992.
Fibre2fashion News Desk - India
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