Privatization is the only Panacea to Save Government Industry

Total Views : 515
Zoom In Zoom Out Read Later Print

Read the editor's choice over the Privatization of Government Industry

Privatization is the only Panacea

About 6,000 supporters of the Hindustan Paper Corporation (HPC) Paper Mills Revival Action Committee, a conglomeration of organisations and political parties, staged the blockade on NH 37 (which connects the three Barak districts of Assam with Tripura, Manipur and Mizoram) and at Kalain on NH 6 (which connects Guwahati via Meghalaya).

The suspension of operations of the mills has affected the salaries of employees of both (Cachar Paper Mill & Nagaon Paper Mill) paper mills. The dues of salary are pending since the past 20 months. The demonstration staged by the employees association is not solution of their long pending crisis. According to some Government sources told to The Assam Tribune that an internal probe was conducted by the Ministry of Heavy Industries to find out the reasons for the closure of the mills and some prima facie evidence of irregularities and mismanagement were found to be the main reasons for the present state of affairs. Some senior officers of paper mill, working on their personal interests rather than trying to make the mills economically viable.

The revival of Sirpur Paper Mills is the perfect example before the Govt. J.K. Paper's revival  covers a total outlay of Rs 782 crore, including settlement of dues of about Rs 371 crore against a claim of Rs 673 crore, and investment of about Rs 400 crore towards revival and capacity augmentation. Now Sirpur Mill is on progressive way.    

The revival package of Rs 1800 crore, is pending at the Prime Minister's Office despite clearances from the ministries of heavy industry and finance should not be given to HPC. The Mismanagement and political overpower in day to day operation will eat out the package amount again. Govt. must invitee private paper manufacturer on partnership basis for the smooth and corruption free operation. Assam is a resourceful state and the poor production of a bamboo species, muroli, in Mizoram that has stopped supplying it. Tripura too has stopped supplying bamboo to the mill after opening bamboo-based industries there could not be the primary reason behind shutdown as claimed by a local minister.

Paper industry is witnessing robust growth but due to some senior Officers' corruption and mismanagement, HPC's employees are facing starvation. They should appeal for private manufacturer inclusion in HPC rather than for a 'Revival Package.   

See More

Latest Photos