Govt Explores Option of Private Entity to Restart Mysore Paper Mills in Bhadravathi

Prospective bidders have shown interest in operating the factory which should be free from liabilities

- MARX TEJASWI @Shivamogga

The state government is exploring the possibility of restarting the Mysore Paper Mills (MPM) in Bhadravathi through private participation and as part of these steps, MPM has engaged the services of Infrastructure Development Corporation (Karnataka) Ltd (iDeCK), a Bengaluru-based consultancy, as its transaction advisor.

Large and Medium Industries Minister M B Patil, replying to an unstarred question from Bhadravathi MLA B K Sangameshwara in the Legislative Assembly recently, said the government had concluded that reviving the factory on its own was not viable. Instead, efforts were being made to lease the mill to private bidders, with exemptions and relief measures under consideration to make the proposal attractive.