The government has decided to shut two pharma undertakings and divest other three
The Government of India has decided to shut two pharma public undertakings and deprive the other three of all possessions, Sadananda Gowda said, minister of chemicals and fertilizers on Tuesday in parliament.
"There are five PSUs(public sector undertakings) in the department of pharmaceuticals, out of which the government has decided to shut two, namely, Indian drugs and pharmaceutical Ltd (IDPL), and Rajasthan drugs and pharmaceutical Ltd (RDPL), he further said", in response to a question in Lok Sabha.
The government also judiciously divest the other three, namely, Hindustan antibiotics Ltd (HAL), Bengal Chemicals and Pharmaceuticals Ltd (BCPL), and Karnataka Antibiotics and Pharmaceuticals Ltd (KAPL), he added.
The employees of IDPL and RDPL have been offered vo...