KNM properties to be handed over today
Staff Correspondent, Khulna
All movable and immovable properties of Khulna Newsprint Mills (KNM) will be finally handed over to Bangladesh Small and Cottage Industries Corporation (BSCIC) by Bangladesh Chemical Industries Corporation (BCIC) in a simple function at KNM rest house this morning. The handover agreement will be signed by high officials of BSCIC and BCIC. Each team comprises five members who arrived in Khulna on Tuesday to take necessary preparation to sign the handover agreement. Both the teams are being headed by Md Zafarullah, joint secretary to the Ministry of Industries. The decision to handover KNM properties to BSCIC was finally taken in a high level meeting at the industries ministry on May 16. Khulna Newsprint Mills, the largest in Asia, was established in 1958 on 103 acres of land at Khalishpur industrial belt. KNM was closed down on November 30, 2002 on different pretexts, including severe financial crisis, shortage of raw materials, price hike of furnace oil, labour unrest and corruption. The government had spent over Tk 5 lakh as salaries of 38 officials and employees every month who were specially assigned to guard the movable and immovable properties since closure of the mill.
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