The initial restoration works for the Tuli paper mill has begun. According to a DIPR report, personnel from 3A Capital Services Limited (3ACSL), the private company that acquired Nagaland Pulp and Paper Company Ltd, have been deployed to the site to oversee the process.
An official from 3ACSL stated that the company is currently in the audit phase, focusing on clearing the pending liabilities of the mill’s previous employees. The audit is expected to be completed by the end of the year, after which extensive restoration and revival works will begin.
The Tuli paper mill, once a major industry in the region, has faced challenges over the years, leading to its acquisition by 3ACSL. The State Government, which previously owned a 12% stake in the mill, now retains only 3.51%. The Mumbai-based 3ACSL holds a commanding 96.49% share, positioning it to spearhead the mill’s restoration efforts.