(a) whether the Government have any proposal for the disinvestment of Instrumentation Limited, Palakkad, Kerala;
(b) if so, the details thereof ; and
(c) the present status of the proposal ?
(a) whether the Government have any proposal for the disinvestment of Instrumentation Limited, Palakkad, Kerala;
(b) if so, the details thereof ; and
(c) the present status of the proposal ?
MINISTER OF STATE (INDEPENDENT CHARGE) OF THE DEPARTMENT OF DISINVESTMENT, MINISTER OF STATE IN THE MINISTRIES OF PLANNING, STATISTICS & PROGRAMME IMPLEMENTATION AND MINISTER OF STATE IN THE DEPARTMENT OF ADMINISTRATIVE REFORMS AND PUBLIC GRIEVANCES (SHRI ARUN SHOURIE)
(a) Yes, Sir.
(b) & (c) A public advertisement was issued in January 2001 inviting expressions of interest from prospective strategic partners for 51% of the equity in Instrumentation Control Valves Limited(ICVL), Palakkad, Kerala, a unit of Instrumentation Limited, Kota. The process of disinvestment through joint venture route has been taken up and not yet completed.