DMK today asked the Centre to provide a revival proposal to save the Ooty-based Hindustan Photo Films Manufacturing Company (HPF), a public sector unit, which is employing over 700 employees.
A delegation of DMK leaders led by its Parliamentary Party leader T R Baalu called on Prime Minister Manmohan Singh in New Delhi and submitted a memorandum.
Though a viable revival proposal had been recommended to the Cabinet Committee on Economic Affairs (CCEA), it had not considered the HPF revival proposal while the Government came forward to revive many sick PSUs such as Scooter India Ltd, Burn Standard, NEPA, ITI Ltd and Bharat Wagon with a pragmatic appoach.
“In spite of dedication and goodwill reposed by the employees, the company could not meet the challenges of multinational companies because of non-availability of level playing field while getting the raw materials and MNCs operation facility in the tax free zones”, he said.
Keywords: Hindustan Photo Films Manufacturing, Cabinet Committee on Economic Affairs, CCEA, T R Baalu, sick PSUs such as Scooter India Ltd, Burn Standard, NEPA, ITI Ltd and Bharat Wagon
Comments:
Ther eis need for a review annually of the position of sick PSUs. For
quite a long time this isue ahs been on backburner and we do not k now
what the concerned central minsitry is doing. This group of sick PSUs
constitute a millstone on our economic neck. A bold decision is needed.
A far cry in the circumstqances of the present uncertainties and
opoltical configuration.
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