Question : Revival of FACT

Will the Minister of CHEMICALS AND FERTILIZERS be pleased to state:

(a) whether the Government proposes to privatise the Fertilizers and Chemicals Travancore Ltd. (FACT) and if so, the details thereof and the reasons therefor;

(b) whether the Government has received representations from the State Government of Kerala and MPs from the State requesting for the revival of FACT and if so, the action taken thereon;

(c) whether the Government proposes to revive the FACT and continue its status as a public sector undertaking and if so, the details thereof; and

(d) whether the Government has received recommendations from NITI Aayog for disinvestment of FACT and if so, the details thereof?

Answer given by the minister

MINISTER OF STATE IN THE MINISTRY OF CHEMICALS & FERTILIZERS, SHIPPING, ROAD TRANSPORT & HIGHWAYS

(SHRI MANSUKH L. MANDAVIYA)
_________________________________________________________________________________
(a): No, Madam.

(b) & (c): Yes, Madam. Several representations have been received. Government of India has sanctioned a Plan loan of Rs 1000 Cr to FACT on 21.03.2016 to continue its operations to meet the current financial crunch and for its revival.

(d): No, Madam.

********

Download PDF Files