After a brief gap i
was forced to hit my blog when i read the newspaper which published that IDPL,
India's first Govt undertaking pharma company was about to be closed on a
simple reason that it had more than 1000crores bad debts. This news reminds me of “The farmer and the
golden duck” story.
It was surprising on how Government of India arrived at
this decision with a simple reason that the company is no more performing well
and categorized as sick unit. Government played a hide & seek game with the
IDPL employees who were against sell off from 2001 and at last bowed to the
selfish intent.
Are we heading towards
a capitalist rule???
Read more at:
http://economictimes.indiatimes.com/articleshow/56224678.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
If you read the above
article in economic times and if you are an avid follower of national news you
can understand one factor on how the once government controlled pharma industry
is now completely with private players after this strategic sell off in Hindustan Antobiotics Limited (HAL),
Bengal Chemicals and Pharmaceuticals Ltd and IDPL. Out of the IDPL have huge
land bank in Hyderabad with more than 800acres near Balanagar area with great
potential for real estate business? The land value of these 800 acres will be approx.
10000crores according to the current market value.
All these pharma
companies played a vital role in addressing the healtcare requirements of India
population at the time of major epidemics like plague outbreak and many other
tough times. The decent of these factories started when few of the coveted R
& D officials came out of IDPL and HAL to start their own ventures and now
dictating the pharma industry in India.
Pharma industry is at
its best in India for sure but at what cost? The birthplace of many innovations
in pharma sector will be no more. Instead of re-inventing the legacy created by
these companies government had planned for a strategic LOOT by auctioning the
companies get rid of them make some money not for country’s welfare but for
political gains and for corporate gains.
When B J P was repeatedly
voicing that they will make India a manufacturing hub better than China does it
mean to privatize everything and work with the courtesy of capitalists???
Why the Government is not
taking steps to strengthen the Public sector units which strived well before?
Govt had guts to write
off Vijay Mallya’s 7000crores but no pity on PSUs to waive off their loans and
give them a chance to bounce back???
What do you want to do
with vast talent pool working in PSUs?
Dear Prime Minister
please do not think that everybody is dancing to your tunes, please do not
believe that people are believing whatever bullshit you manipulate with hired
economist who take money from you and money from corporates.
You might project
yourself as a political saint…Your mistakes cannot be ignored.
1 comment:
Lot of anguish anna in your post, i dont know the facts so cannot comment, hope you made the right point
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