(a) whether it is a fact that Indian Petrochemical Corporation Ltd.
(IPCL) offered distributorship for polymer without following
prescribed procedure during the last two years;
(b) whether the Government propose to enquire into the matter
through the vigilance commissioner/CBI; and
(c) if so, the details thereof?
THE MINISTER OF STATE IN THE MINISTRY OF CHEMICALS & FERTILIZERS (SHRI S. B. MOOKHERJEE)
(a) Indian Petrochemicals Corporation Limited (IPCL) had issued an
advertisement in January 2001 for appointment of Consignment
Agents at different locations in the country. In view of the process of
disinvestment of Government`s equity in IPCL along with transfer of
control of management and market dynamics, IPCL decided not to
appoint any new Consignment agents. However, considering the
competitive business environment and the requirements of the
company, it was decided to allow the three existing chemical
distributors with proven capability, at Ahmedabad, Delhi and Mumbai
to deal in Polymer products also initially for a period of one year
subject to review. This decision was taken after following the
appropriate procedure.
(b) No, Sir.
(c) Does not arise.