Leading paper maker Khanna Paper Mills today said it will not move out of Punjab.
“We have been at the receiving end of maligning rumours at various discussion forums that Khanna Paper Mills is shifting to Gujarat.”
“We, at Khanna paper Mills, wish to put it on record for once and all, that Khanna paper Mills does not plan to shut down and move its facility to Gujarat or any other state in the country,” Suneet Kochhar, Director, Khanna Paper Mills in a statement issued here said.
“We are thriving in the state and see no reason to shift to any other state. Even if we expand, our first priority will always be Punjab. We extend our full support to the vision of the Punjab government,” added Kochhar.
The city-based Khanna Paper Mill is country’s first exporter of news print to Pakistan.
Khanna Paper Mill claims to be the fourth largest paper mill in the country.
Last year in the month of June, massive fire broke out at its facility, causing loss to the tune of Rs 200 crore to the company.