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Union: drop KSDL divestment plan

Staff Reporter

BANGALORE: The Karnataka Soaps and Detergents Ltd. (KSDL) Employees' Union has opposed the Government's move to shortlist 10 public sector units, including KSDL, for disinvestment.

It has written to Chief Minister B.S. Yeddyurappa not to go ahead with it.

Addressing presspersons here on Friday following an announcement by Principal Secretary, Industries and Commerce, V.P. Baligar recently, Amrutesh N.P., legal adviser to the union, said the KSDL was a heritage industry which made a profit of over Rs. 1 crore last year.

“In another six years, the factory will complete hundred years of existence. The motive is to grab land. KSDL is situated on 47 acres of prime land in Yeshwanthpur,” he said.

“We do not want a repetition of what happened to NGEF with KSDL,” he said.

Members of the union have written to Mr. Yeddyurappa and Minister for Large and Medium Scale Industries Murugesh Nirani requesting them to drop the proposal. “If it is not done, we may have to resort to agitation,” Mr. Amruthesh added.

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