Latest News | Govt Has Decided to Close 2 Pharma PSUs, Disinvest Other 3: Gowda
Get latest articles and stories on Latest News at LatestLY. The government has decided to close two pharma public sector undertakings and disinvest the other three, Parliament was informed on Tuesday.
New Delhi, Feb 9 (PTI) The government has decided to close two pharma public sector undertakings and disinvest the other three, Parliament was informed on Tuesday.
"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)," Minister of Chemicals and Fertilisers D V Sadananda Gowda said in response to a question in the Lok Sabha.
The government has also decided to strategically disinvest the other three -- Hindustan Antibiotics Ltd (HAL), Bengal Chemicals & Pharmaceuticals Ltd (BCPL), and Karnataka Antibiotics & Pharmaceutical Ltd (KAPL), he added.
The government has offered voluntary retirement benefits to all employees of IDPL and RDPL, Gowda said.
"However, the Committee of Ministers constituted on September 9, 2019, will take necessary decisions pertaining to closure/strategic sale of the pharma public sector undertakings, including the sale of assets and clearance of outstanding liabilities," he added. HRS hrs
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)