Kamala mills to develop surplus land

MUMBAI, Dec 30: The state government today permitted Kamala Mills to develop its surplus land to garner additional funds for modernisation of the unit.Chief Minister Manohar Joshi said his government has decided to vacate the stay imposed on February 29, 1996.

8220;The cabinet today approved the mill8217;s revival proposal. In fact, it was already approved by the erstwhile Congress government,8221; Joshi added.

Confirming that the mill was one of the units which had violated development control rules, Joshi said though it has been granted permission for development, it will have to pay the penalty imposed by the BMC. He said the decision to allow sale and development of surplus mill land was taken after the Board of Industrial and Financial Reconstruction BIFR approved the revival packages envisaging exploitation of surplus mill lands to raise funds for modernisation and payment of dues to workers.