Question : SALE OF SURPLUS LAND BY PUBLIC SECTOR PHARMACEUTICAL INDUSTRIES



(a) whether some public sector pharmaceutical industries have surplus land with them;

(b) if so, whether any company has proposed to sell its surplus land; and

(c) if so, the details thereof and the reasons therefor?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF CHEMICALS AND FERTILIZERS & MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS(SHRI B.K. HANDIQUE)

(a) Yes, Sir.

(b) & (c) As part of the sanctioned rehabilitation scheme for revival of Hindustan Antibiotics Limited(HAL), the company plans to sell its surplus land to repay interest free loan of Rs. 56.96 crores sanctioned by the Government of India.