India: revival of cement unit in sight

India: revival of cement unit in sight
18 November 2010

A proposal for the revival of the Adilabad unit of Cement Corporation of India (CCI) under public private partnership will be placed before the Union Cabinet for its approval in the ongoing winter sessions of parliament.

Union minister for industries Vilasrao Deshmukh agreed for reopening of the unit under 50:50 public private partnership but the leaders of the recognised trade union, Aituc, opposed the proposal.

There are chances for reopening the unit in the first quarter of next year if everything goes well. Before declared sick in 1996 and being closed in 1998, the factory provided direct employment to 700 people and indirect employment to about 1,000 families. The plant had begun its operations in 1980.
According to sources, trade union leaders appealed to Union minister to start the unit as fourth unit of CCI under 51:49 public private partnership so that the government will be the major share holder of the factory and rights of the employees will be protected.

Minister told the trade union leaders not to object to 50:50 public private partnership because the government cannot reopen the unit on its own as it requires huge amount of funds.
Published under Cement News