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Corporate - Sick Units


Centre to take steps for Dunlop revival

Our Bureau

New Delhi , Dec. 22

THE Union Government on Wednesday assured the Lok Sabha that it would take initiatives to revitalise the ailing Dunlop India Ltd (DIL) in West Bengal.

Replying to a calling-attention motion of the CPI (M) member, Mr Roopchand Pal, and two others, the Union Labour Minister, Mr K. Chandrasekhar Rao, said that a huge fund of Rs 1,000 crore to Rs 1,200 crore was needed to revitalise the company. Mr Rao assured members that he would take initiatives in the matter and if necessary, would hold talks with the West Bengal Chief Minister.

He also said that the Defence Ministry would place orders with the company if it were to be opened. Stating that DIL employees were being provided financial assistance of Rs 500 per month under a scheme formulated by the State Government for providing assistance to the employees of closed industrial units, Mr Rao, however, held that he was not in a position to promise any financial assistance from the Centre to the employees.

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