July 24, 2017
Vivek Gupta makes a Special Mention on Hindustan Paper Corporation Ltd employees’ salaries not getting paid
FULL TRANSCRIPT
Thank you for giving me the opportunity. Sir, my Special Mention today is on stopping the disinvestment of Hindustan Paper Corporation and Bridge and Roof Company Limited. Both are two PSUs which give direct and indirect employment to thousands of people in the country and especially in Bengal. It is unfortunate that the Hindustan Paper Corporation employees have not received their salaries and other related payments for more than eight months. Furthermore, employees who have retired recently have not been paid their dues for more than one-and-a-half years. They are in deep distress and their salaries should be paid immediately. Similarly, instead of making efforts to shut down HPC, efforts should be made to ensure commencement of production of both the units of HPC.
It is also unfortunate that the Government is making all-round efforts to shut down a profit-making PSU, Bridge and Roof Company situated in Kolkata, West Bengal. The company had a turnover of almost Rs 2,000 crore with a profit of Rs 25 crore in 2016-17. It has always funded its entire expenditure and working capital requirement through internal generation of funds, without any Government support. Still the company wants to sell itself, we don’t know why. The company is credited with building defence bridges in border areas and has taken up several projects in the north-east and other sensitive areas; it should be of strategic interest. The Parliament Standing Committee on Industry also suggested against disinvestment of Bridge and Roof Company . The Administrative Ministry should stop forcing the board to take a resolution to sell both companies’ movable and immovable assets.
Thank you Sir
