Shillong, Oct 18: Chairman of the Mawmluh Cherra Cement Limited (MCCL), Wailadmiki Shylla MLA will leave for Kolkata on Wednesday for inspection of the factory of Bhavika Commercial Private Limited (BCPL) prior to finalising the joint venture to operate the MCCL.
The MLA will be accompanied by a team of MCCL officials.
Shylla told reporters on Tuesday that BCPL is one of the three private entities that had participated in the Expression of Interest floated by the state government.
“While the two decided to back out, only BCPL have come forward with a presentation on its plan for MCCL and it is quite practical,” he said.
“Tomorrow, I am leaving for Kolkata to verify the credentials of the BCPL on whether it is really a cement manufacturer company or not”, he said.
Shylla said he will submit a report on the matter to the chief minister. “The report will accordingly be taken up with the cabinet for its approval so that we can start the process of agreement,” he said.
There were more than eight private companies which had applied for the Expression of Interest.
On July 19, 2021 the state cabinet had approved the proposal of the department for a joint venture with private entities to operate MCCL.
The decision was taken after the state government could not invest Rs 190 crore to revive the cement company due to financial constraint.
Shylla said that before arriving at this decision, the government had sent a team to do a thorough survey on how to revive the plant.
To a question, the chairman said the ownership will be with the state government with 51% stake while the private company will have 49% stake.
