HLL Lifecare Limited on the block, jaitley tells unions

Mr Jaitley enquired about the company's manufacturing unit, pharmacy, scanning centre and the testing lab.

Update: 2018-02-06 19:44 GMT
HLL Lifecare Ltd

THIRUVANANTHAPURAM: Contrary to former BJP state president V. Muraleedharan’s claim that the Centre will not privatise HLL Lifecare Ltd, it has now come to light that “in principle’ they have agreed towards such a move.  This was revealed after trade union representatives belonging to INTUC, CITU and AITUC called on Union finance minister Arun Jaitley. Congress MPs Shashi Tharoor and Kodikunnil Suresh also called on Mr Jaitley.

The finance minister told the trade union representatives of HLL Lifecare Ltd that Cabinet Committee on Economic Affairs has “in principle” agreed to the proposal put forth by Niti Aayog to sell the 100 per cent shares of the mini ratna PSU. Trade union representatives under Save HLL Lifecare Forum called on Mr Jaitley in New Delhi on Tuesday. The finance minister told the trade union leaders that before a final decision is taken he will be holding talks with MPs, INTUC, AITUC and CITU and their memorandum will be considered before taking a final decision.

Mr Jaitley enquired about the company’s manufacturing unit, pharmacy, scanning centre and the testing lab. Union leaders expressed hope that during this fiscal year the company will be profitable. BMS trade union representatives had met Mr Jaitley on Sunday along with BJP’s Muraleedharan with the same  demand that the company should not be disinvested. Then he had informed the media through a press release that the BJP Government will not privatise HLL Lifecare Ltd.

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