Hyderabad(Jan,8) : In a significant development for the economic revitalization of Mulugu district, the Chief Minister presided over a high-level review meeting with senior officials to assess the progress of the revival efforts for the Kamlapurum Pulp Mill, owned by M/S Ballapur Industries Limited (BILT). Under the new government’s agenda to prioritize the recovery of struggling industrial units, particular attention has been directed towards the BILT Mill, with the aim of stimulating economic growth and providing employment opportunities for the local population. During the meeting, the Chief Minister engaged in discussions with Hardik Patel, Managing Director of Finquest Financial Solutions Pvt Ltd, the appointed entity overseeing the disposal of BILT assets in the state.
The government expressed a strong commitment to facilitating the speedy revival of the factory and urged Finquest to expedite the process. Further enhancing these efforts, discussions were held with Vadiraj Kulkarni, CEO of ITC’s PSPD (Paperboards and Specialty Papers Division), regarding potential acquisitions of BILT assets. The Chief Minister assured ITC of full government support for the successful revitalization of the Kamlapurum facility, emphasizing the socio-economic impact on the region.
The meetings, attended by key officials, mark a crucial step towards reinvigorating the closed unit and addressing the livelihood concerns of the affected workforce and their families
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