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Saturday, September 19, 1998

Mamata seeks revival of sick Bengal units

Santanu Banerjee  
CALCUTTA, SEPT 18: Concerned over the poor industrial climate in West Bengal, Trinamool Congress leader Mamata Banerjee met Union Finance Minister Yashwant Sinha on Thursday at the Raj Bhawan and submitted a `special proposal' for reviving sick and closed public sector units in the state.

The proposal, a part of her Bengal package, has urged the Union Finance Ministry to constitute a task force, comprising representatives from the State and Union Government agencies and leading financial institutions, to make an immediate survey of the sick industries in the state.

The proposal has suggested that the task force should complete its survey within three months and come up with a revival plan for the sick and closed PSUs in West Bengal.

The Trinamool Congress package, which strongly opposed the idea of placing more cases of the sick and closed units ``before the Board for Industrial and Financial Reconstruction (BIFR)'' as `not many are known to have survived its prescription for revival,' has proposed thatthe task force should be able to `investigate the reasons for each industry's sickness and evolve a time-bound plan for their revival.'

Mamata Banerjee, who submitted the proposal, urged the Finance Minister to help mobilise a `public sector modernisation fund with the help of loans and aid.'

Claiming that Sinha had given them a patient hearing and promised to look into her party's proposal on the sick and closed PSUs seriously, she told The Indian Express ``we laid maximum emphasis on a time-bound programme for the revival of the sick industries in Bengal for delay will only compound the problem.''

She said that ``besides sick industries, we have to set aside those cases which could be fully revived with a little financial assistance.''

Mamata Banerjee said ``We have also drawn Sinha's attention to the human aspect of the problem that lakhs of employees of these units are starving and they need immediate financial help.''

Banerjee has also urged the Finance Minister to restart all the UnionGovernment schemes for the unemployed youths in the flood-affected areas with new vigour.

Besides the package, the Trinamool Congress leaders have pleaded very strongly for waiving the Government loans to the farmers in the flood-affected areas of UP, Bihar and West Bengal.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


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