India: All options are being considered by the state government for the Mawmluh Cherra Cement plant in Meghalaya including handing the plant over to private investors. Chief minister Mukul Sangma refused to rule out the option when asked about the state owned cement plant, according to the Indian Telegraph.
"In the process of trying to turn any public sector undertaking of the government into a profit-making body, the authorities concerned have been asked to consider all options. Let them come up with the options and then the best one will be considered," said Sangma.
The cement plant stopped production in 2014. It has since been dogged by high staff costs. In early June 2016 the Meghalaya government approved a voluntary retirement scheme for 145 of the plant’s 445 employees.
