Lok Sabha

April 11, 2017

Idris Ali speaks on strategic divestment of sick central PSUs

Idris Ali speaks on strategic divestment of sick central PSUs


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.