Displaying items by tag: Mawmluh Cherra Cement
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.
India: Opposition politicians in Meghalaya have warned the state government over management concerns regarding the Mawmluh Cherra Cement plant. The state owned cement plant stopped production in mid-2014. The local government has since announced that it intends to loan the company US$12m towards paying off bills from an upgrade project started in 2005 including loan payments, power bills and salary costs, according to the Indian Telegraph. After upgrades are completed the plant will have a cement production capacity of 600t/day.
"I know in the past the government used to appoint Tom, Dick and Harry to manage the MCCL. However, if we want the factory and other public sector units of the state to be free from ailments, we need a strong management and run it professionally," said former state chief minister Donkupar Roy at the state assembly. He also demanded that the head office of the factory be moved to Sohra.