Bareilly: Asias leading paper industry Century Pulp & Paper Mill will witness the change of ownership. The factory was earlier under the Birla Group but its acquisition was officially confirmed on March 31 2025. However it is important to note that it will take the new group about six months to completely take over. There are about 1380 permanent workers and 700 permanent employees working in the factory. According to the reports the sale of the factory will not affect the employees. Additionally around 3000 daily wage workers and 8000 to 10000 people indirectly dependent on this industry will also remain unaffected. Avneesh Tyagi the president of the Century Paper Mill Workers’ Welfare Union has said that the employees interests will not be impacted for now as the existing three-year agreement is currently in effect. To recall there had been rumors about the sale of Century Pulp and Paper Mill. Finally on the evening of March 31 2025 these speculations came to an end when the Birla Group officially announced the sale of its major paper industry to the ITC Group. However the process of the factory takeover will be completed in two to three phases. At the same time ITC Groups stance on the Corporate Social Responsibility (CSR) fund policy being implemented at the local level by Century Pulp and Paper Mill will become clear in the coming time.