Guwahati, Friday, January 6, 2012
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Workers’ body for review of Centre’s move
Staff CORRESPONDENT
 DIBRUGARH, Jan 5 – Centre’s bid to set up a new plant of Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) at Namrup under a joint venture instead of as a public sector undertaking has not gone down well with the workers of the fertilizer industry.

Namrup Fertilizer Shramik Union has demanded review of the decision, stating that being a loss-making company, BVFCL, Namrup has no funds to contribute for setting up of the new grassroots plant except providing land and building and other infrastructural facilities, which have very low monetary value. It is required that for any party to claim majority in a joint venture, the share capital has to be more than 50 per cent and the BVFCL management fails to meet this condition. The workers fear that their interests would be looked down upon in case the joint venture nature of business was realized.

“If the Centre is unable to review its decision, big amount should be released for BVFCL so that the company can make maximum investment to have an upper hand in the joint venture,” the union has said. The workers’ union has called upon the Prime Minister to ensure that the fourth unit of the fertilizer plant comes up immediately as the existing Unit II and Unit III have become unreliable due to frequent breakdowns.

It is to be recalled that the installation of a new grassroots plant was announced by the Centre in 2006, considering the ageing of both existing Namrup II and Namrup III group of plants. In the subsequent times, the proposal for setting up of the new plant was moved in the concerned departments and finally it was put up at the office of the Planning Commission for required funds but it was turned down by the Commission. It was again put up with the Planning Commission in 2011, which was again turned down and the Commssion advised setting up the new plant under a joint venture instead of PSU.

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