BUTWAL, Oct 16: The government is preparing to resume operation of Butwal Spinning Mill (BSM), which has remained closed for the last five years.
The cabinet meeting on Tuesday decided to restart production by agreeing in principle to lease out BSM. “Various national and international groups have shown interest after the government decided to lease out the mill,” said BSM Chairman Dhruba Rijal. He also informed that the government would invite a tender immediately after Dashain.
The government had paid Rs 474.5 million in gratuity, compensation and insurance to all the workers at BSM two years ago. Rijal said the government has directed BSM management committee to lease out the mill to resume the production as it would provide employment to over 500 workers.
Plagued by financial crisis, BSM had closed down operations in January 2008.
Following closure of the factory, a delegation of BSM workers had met Industry minister demanding that the factory resume operations. However, the government had then had ruled out the possibility.
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