(a) whether the Government have decided not to go in for disinvestment in respect of Hindustan Latex Limited on grounds of being the sole manufacturer in the field of public sector;
(b) if so, the details thereof; and
(c) the reasons for resorting to phased disinvestment in respect of Hindustan Cables Limited, which is also sole manufacturer in the field of public sector?
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) to (c) Government has decided not to disinvest in Hindustan Latex Ltd. for the present. It is not appropriate to compare Hindustan Cables Ltd. with Hindustan Latex Ltd. The decision for disinvestment in HCL is as part of the policy of the Government that in generality of cases the Government shareholding in public sector enterprises in the non-strategic sector will be brought down to 26 per cent.