(a) whether the Government have finalised any plan for the revival
of IDPL;
(b) if so, the details thereof; and
(c) if not, the reasons therefor?
(a) whether the Government have finalised any plan for the revival
of IDPL;
(b) if so, the details thereof; and
(c) if not, the reasons therefor?
The Minister of State in the Ministry of CHEMICALS AND FERTILIZERS (Shri Tapan Sikdar)
(a)& (b): IDPL is a sick company under reference to the Board for
Industrial and Financial Reconstruction (BIFR). A communication
has been sent to the BIFR intimating the following
concessions/facilities that the Government intends to provide to
facilitate its privatisation through the induction of strategic partners:
(i)Conversion of Government loan into equity.
(ii)Waiver of interest/penal interest and guarantee fee by the
Government of India.
(iii)Payment of outstanding statutory dues and funding of VRS.
(c): Does not arise in view of reply above.