Kaptai:The government has devised a strategy to transform the struggling Karnaphuli Paper Mills Limited (KPM) in Chandraghona of Kaptai upazila into a profitable venture, along with other failing industrial establishments across the country, according to Bangladesh Chemical Industries Corporation (BCIC) Chairman and Additional Secretary Md. Babul Mia.
According to Bangladesh Sangbad Sangstha, the revival plan involves attracting foreign investment and implementing balancing, modernization, and rehabilitation (BMR), alongside public-private partnerships (PPP) and government-to-government (G2G) initiatives.
Md. Babul Mia highlighted that KPM once thrived as a profitable entity with a solid reputation, and the government is keen on restarting its operations. His remarks were made during a press briefing following a meeting with various department heads of the factory at the KPM guesthouse in Kaptai.
The meeting, chaired by KPM Managing Director Shahid Ullah, included discussions on KPM's current operations, its challenges, and potential strategies to resume production. Attendees included Kaptai Upazila Nirbahi Officer Md. Raihanul Islam, former Kaptai Upazila Parishad chairman Dildar Hossain, and several key officials from KPM and local administration.