Idris Ali speaks on strategic divestment of sick central PSUs

FULL TRANSCRIPT

It is very unfortunate that Central Government is preparing a cabinet note recommending for closure of several CPSUs of the country . NITI Aayog is preparing a roadmap for ailing public sector undertakings.and had earlier identified 26 sick Central Public Sector Enterprises (CPSEs) for closure, of which 7 received cabinet nod. These include Hindustan Cable, Tyre corporation, HMT Watches, Birds Jute and Export Limited (BJEL) and Central Inland Water Transport Corporation. It is very unfortunate that Niti Aayog has also identified 12 more CPSEs for strategic sale. whereas the Central Public Sector Enterprises (CPSEs) are meant to serve certain larger social causes.

117  years old Country’s first Pharmaceutical company Bengal Chemicals & Pharmaceuticals Works Ltd. is one of the prime listed of the Government  to sale. Bridge and Roof Company who is on average profit of Rs 32.83 crore since last 6   years is also in the target of strategic disinvestment . Most surprisingly, special steel plant unit Alloy Steel Plant, the first Indian producer who adds muscle to the “Make in India” campaign for indigenous production of speciality  products to meet defence needs are also in process of Strategic Sale plan of the Government. The fact is that all these three are from West Bengal.

Bridge & Roof Co. (I) Ltd . is serving the construction industry for more than ninety seven years with enviable track record in making profit years together, paying dividend to Government of India & never been fallen sick with constant positive growth with 1500+ permanent employees & 15000 + temporary employees  & workers posted all over INDIA . Whereas Hindustan Newsprints is also a profitable and regular paying dividend in the central exchequer since last few years with a continuous profit of average Rs 9.24 crore since 2010.

Keeping in mind the necessity of the existence of Central Public Sector Organisations for addressing social causes and tremendous scope of direct and indirect employment dependency, I request the Central Government, the Finance Ministry to close the decision to close down the Public Sector Organisations of the country better to think for revival/restructure by conducting a well-organised comprehensive research study to identify the areas of business, where these units can successfully/profitably operate and grow.

In conclusion, I request the Government that there are still tremendous potential of industry in West Bengal, please do not ruin the ‘RHUR’ of Asia but make Bengal another gateway of Industrial renaissance.

আমি কেন্দ্রীয় সরকার ও মন্ত্রীদের অনুরোধ করব পশ্চিমবাংলা – যেখানে ঠাকুর শ্রী শ্রী রামকৃষ্ণ পরমহংসদেব জন্মগ্রহণ করেছেন, যেখানে স্বামী বিবেকানন্দ জন্মগ্রহণ করেছেন, যেখানে আশুতোষ মুখোপাধ্যায়ের মতো মানুষ জন্মগ্রহণ করেছেন – সেখানে বঞ্চনা যাতে দয়া করে না হয়।

I kindly request the Centre through you, Sir. Thank you.

 

Sultan Ahmed raises Question on Revival of Sick PSUs

Sawal hai sick PSU. Deshbhar me 65 Public Sector Undertakings me 11 Bengal me ateh hai – Tyre Corporation, National Jute Manufacturing, Hindustan Cable, Burn Standard.

Desh ke awal PSUs me inka shumar kisi jamane me hota tha. Lekin aaj unke hazaro hazar workers bhukmari me unke din guzar rahe hai.

Is sarkar ne bahut hi swatchata and inamdari sath jo coal auction wagera ka kaam shuru kiya hai, kya is tarah ka parikalpana hai ane wale dino me yeh PSUs ko bhi auction ke zariye ho, yea FDI lakar ho – Foreign Direct Investment lakar ho inko revive karne hai kyuki yeh dekha ja raha hai hazaro hazar crore rupaiya salana kharch hote hai, tankhaye di jati hai, lekin kam kuch nehi ho rahe hai.

Kya sarkar ne koi parikalpana banaya hai, mai maniye mantri se puchna chahata hu.

 

Translation :

I would like raise a Question on Revival of Sick PSUs. In the Country there are about 65 public sector undertakings out of which 11 are in Bengal – Tyre Corporation, National Jute Manufacturing, Hindustan Cable, Burn Standard. At one point of time they were leading PSUs of the Country. But now, thousands of their workers are living in hunger and poverty.

This Government with a lot of transparency and honesty has undertaken projects like coal auction etc. Does it have any such plans in the near future to auction these PSUs or bring in FDI to revive these industries, as thousands of rupees are spent, but there is no outcome.

I would like to question the Minister what is the Government’s plan on this?