Business Daily from THE HINDU group of publications Tuesday, Nov 25, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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Sick Units Still awaiting fiscal incentives: Dunlop
Our Bureau Kolkata, Nov. 24 Dunlop has once again approached the State government seeking over Rs 100 crore of soft-loan from West Bengal Industrial Development Corporation (WBIDC), sales tax exemption for 12 years, exemption of duty paid on power purchases and the status of most preferred supplier to State transport corporations. According to the company chairman, Mr P.K. Ruia, all these requests were placed before the State government — following acquisition of the sick company in 2005 — as measures required for the long term revival of the company. “However, we are still awaiting State support in the form of fiscal incentives,” he said. Mr Ruia met the State labour minister, Mr Mrinal Bannerjee, here on Monday to “apprise him of labour issues” and express his company’s willingness to enter into a tri-partite agreement regarding the decision to temporarily suspend production at Sahagunj facility and pay a subsistence allowance of Rs 2,000 a month to the 1,202 workers during this period. The company proposed to enter into a firm pact with workers before the State labour department on Tuesday, confirming resumption of production within March 31, 2009. Dunlop Ambattur staff to negotiate final settlement More Stories on : Sick Units | Tyres
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