The Central government’s move to privatise the HLL (Life Care ) Ltd. (former Hindustan Latex Ltd.) is ill-advised and against the interests of the country. This is the PSU which manufactures contraceptives and which has been effectively used for the last many years. The company is profitable. Thousands of workers are employed there.
In its eagerness to satisfy the greed of the private corporates, this well running profitable PSU is being sold to the private. The workers and their unions have strongly opposed privatisation. Kerala M.P.s have written to the Prime Minister demanding to keep the company as PSU.
The Central Government should drop the anti-people, anti-PSU move.