Govt to shut 2 pharma PSUs, disinvest Hindustan Antibiotics, 2 other: Minister informs Parliament
The government has offered voluntary retirement benefits to all employees of Indian Drugs & Pharmaceuticals Ltd (IDPL) and Rajasthan Drugs & Pharmaceuticals Ltd (RDPL), Gowda said.;
New Delhi: The government has decided to close two pharma public sector undertakings and disinvest the other three including Hindustan Antibiotics Ltd (HAL), Parliament was informed on Tuesday.
The information to this effect came during a recent Lok Sabha session, wherein, the Minister of Chemicals and Fertilisers D V Sadananda Gowda was asked whether the Government has taken any steps for the sale of pharma PSUs including the large tract of commercial lands belonging to Pharma PSUs in the country like the IDPL located at Nandambakkam, Chennai.
He was further asked about the effective steps taken by the Government to protect the interests of workers of such Government Pharma companies
Responding to the queries, Gowda said, "The Department of Pharmaceuticals has five public sector undertakings (PSUs). Out of the five PSUs, the government has taken a decision to close two pharma PSUs, namely Indian Drugs & Pharmaceuticals Ltd (IDPL) and Rajasthan Drugs & Pharmaceuticals Ltd (RDPL)."
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