TMC, CPM oppose sale of PSUs

NEW DELHI
17 Mar 2017

TMC and CPI(M) on Friday opposed the sale of India's first pharma company Bengal Chemicals and Pharmaceuticals Ltd and Alloy Steel Ltd, saying it will lead to job losses.
Amid slogan shouting by Congress over the issue of conduct of the Goa Governor in inviting BJP to form government after reportedly holding consultations with Finance Minister Arun Jaitley, Sukhendu Sekhar Roy (TMC) raised the issue of proposed sale of BCPL while Ritabrata Banerjee (CPI-M) opposed sale of Alloy Steel.
Roy said BCPL was set up in April 1901 and was the only unit to manufacture anti-venom serum. It made a profit of Rs 1 crore last year and any strategic sale will lead to loss of jobs of thousands of workers. He asked government to review its decision.
Banerjee raised the issue of planned outright sale of state-owned SAIL's three special steel units, including Alloy Steel Plant.
He sought stoppage of the strategic disinvestment of Alloy Steel saying it would lead to job losses and add to the industrial distress in Durgapur in the eastern state of West Bengal where several industrial units have closed down. (PTI)