(a) the number of Indian industries so far have been sold/transferred to foreign multinational corporation/foreign companies since the opening of the economy to global competitions;
(b) whether any study has been made to find out the effect over unemployment after the entry of multinational companies; and
(c) if so, the details thereof?
MINISTER OF STATE OF THE MINISTRY OF INFORMATION AND BROADCASTING AND MINISTER OF STATE OF THE DEPARTMENT OF DISINVESTMENT (SHRI ARUN JAITELY)
(a) After 1991-92, when the process of disinvestment was started in Central PSEs, Government has sold only shares of the various PSUs, as a part of the disinvestment exercise. Of the 58 companies examined by the Disinvestment Commission only in the case of Modern Food Industries Ltd., 74% shares have been sold to Hindustan Lever Ltd.
(b) No such has been conducted. However, the Government`s policy clearly lays down that the interest of workers will be protected in all cases.
(c) Does not arise.