Govt plans to make sick industries profitable: BCIC chairman

The government has taken a plan to make the Karnaphuli Paper Mills Limited (KPM) in Chandraghona of Kaptai upazila, along with all other ailing industrial establishments in the country, profitable, Bangladesh Chemical Industries Corporation (BCIC) Chairman and Additional Secretary Md Babul Mia said on Saturday.
He said the government plans to revive these industries through foreign investment, balancing, modernisation and rehabilitation (BMR), public-private partnership (PPP) and government-to-government (G2G) initiatives.
“KPM once operated successfully as a profitable enterprise and earned a good reputation. The government has taken initiatives to bring the mill back into production,” he said.
The BCIC chairman made the remarks while speaking to journalists after a meeting with heads of various departments of the factory at the KPM guesthouse in Kaptai on Saturday. The meeting was chaired by KPM Managing Director Shahid Ullah.
Kaptai Upazila Nirbahi Officer (UNO) Md Raihanul Islam, former Kaptai Upazila Parishad chairman Dildar Hossain, KPM Head of Production Md Moeedul Islam, General Manager (Administration) Abdullah Al Mahmud, General Manager (MTS) Abul Kasem Rony, General Manager (Accounts and Finance) Md Mujibur Rahman, Kaptai Police Station Officer-in-Charge (OC) Sheikh Md Mahmudul Hasan Rubel, KPM CBA President Abdur Razzak, General Secretary Kazi Abu Sarwar and other officials of the factory attended the meeting. The participants discussed the overall operations of KPM, its current situation and possible plans to resume production at the mill.