Financial Daily from THE HINDU group of publications
Wednesday, Jul 03, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Industry & Economy - Disinvestment


Rallies planned against FACT privatisation

Our Bureau

KOCHI, July 2

OPPOSITION to privatise the public sector Fertiliser and Chemicals Travancore Ltd (FACT) is gaining momentum as more and more organisations are coming forward against the decision of the Government to disinvest this prestigious establishment of the State.

A combined organisation of trade unions, political parties and members from the public, which convened a meeting, decided to chalk out an action plan in protest against the Government's move.

Speakers at the meeting were of the view that the decision to privatise FACT, the first fertiliser manufacturing company in the country, was not an issue confined to a particular industry alone but a policy taken against national interest.

The meeting unanimously decided to oppose this move at all costs through a mass movement comprising various organisations in the State, a press release said. A one-day seminar on `How to make FACT profitable' has also been arranged on July 5 with the participation of various technical and financial experts.

Send this article to Friends by E-Mail

Stories in this Section
Dumping duty on BOPP film imports mooted


ACC production, despatches up
Bengal Club moves HC
Kalam outlines 6-point agenda for nine pc GDP growth rate
Kerala: Greater role awaits return emigrants
Goa's annual Plan pegged at Rs 586 cr
Karnataka Minister promises to check sea erosion at Ullal in 2 years
Help sought for health services under GATS
Study urges revamp of Kochi drain system
Victims of animal trials?
NTPC to tap global equity markets
Kerala Govt mulls tenders for 14 mini-hydels
NTC to supply cloth to TN police
BWSSB revises water tariff
Pact to bring accreditation for business schools
Hyundai June sales up13.4%
HM-Mitsubishi tops J.D. Power honours
Soccer works magic for colour TV sales
Rallies planned against FACT privatisation
Big names in PF defaulters' list
We can excel China in FDI, says Maran
Furniture expo begins tomorrow
Cos sceptical over success of bulk filing of returns scheme
Gupta appointed D-G (Specific Safeguards)
H.L. Bajaj is new CEA chief


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line