Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 249 Sat. February 05, 2005  
   
Business


Khulna Newsprint to be privatised soon


Closed Khulna Newsprint Mill is likely to be privatised soon. The recent visit by a US team to the mill makes it more obvious.

According to a source of Board of Investment (BoI) office in Khulna, two separate parties from the United States and China recently visited the first newsprint mill of the country to see for themselves its condition and for stocktaking its properties.

The US team visited the mill on Wednesday noon and expressed their satisfaction with its condition. A team from China also inspected the mill four days back.

The source said several parties from home and abroad have expressed keen interest to buy the mill and bargaining is going on regarding its price.

KNM was closed down in 2000 with liabilities of over Tk 50 crore. A part of the vast mill area is now being used by Rapid Action Battalion (Rab) as its temporary headquarters.