Hindustan Paper Corp

The Assam cabinet on Monday approved a proposal for developing a township on 550 acres land of defunct Hindustan Paper Corp in Morigaon district near Guwahati which the state government had acquired in March, minister Jayanta Malla Baruah said. Briefing the press following the cabinet meeting, he said it also gave its nod to a proposal for according industry status to the tourism sector, paving the way for businesses to avail incentives provided under the state industrial policy. Baruah said the land in Jagiroad will be developed as a satellite township of Guwahati. "The township will be set up on 550 acres of land following discussions with the local people but the preliminary decision for a satellite town was taken at today's meeting," he said. The Assam government on March 28 announced the acquisition of Public Sector Undertaking (PSU) Hindustan Paper Corp's (HPC) two defunct paper mills in the state for Rs 375 crore. The Assam Industrial Development Corporation (AIDC) successf

The Assam government on Monday announced that it has acquired PSU Hindustan Paper Corp's (HPC) two defunct paper mills in the state for Rs 375 crore.

In a written reply, MoS Krishan Pal Gurjar said that Cachar Paper Mill, Panchgram and Nagaon Paper Mill, Jagiroad are mills of HPC in Assam and are presently non-operational.

HPC is the holding company for Hindustan Newsprint Ltd and Nagaland Pulp & Paper Company