: Union Minister for Chemicals and Fertilizers H. N. Ananth Kumar has said that the Centre is eager to fashion a ‘better’ revival plan for the beleaguered FACT for the company’s benefit in the long-term.
“FACT is the mother of all fertilizer plants in India and the Government of India has taken many initiatives to keep it alive… We want to revive the plant and will come out with a new restructuring plan,” he said.
Mr. Kumar said while a revival plan for FACT was floated in 2007, nothing was done about it, despite the State being heavily represented in the UPA government.
“Eight years have already elapsed. So we are looking afresh at the entire thing, as we don’t want a cut-and-paste solution. Our plan will be better and for the long-term.”
He said the Centre was also keen to revitalise HOCL, which had been making profit earlier.
“We have already given Rs 150 crore to it, but there are issues of separation as it has another plant at Rasayani in Maharashtra. We are looking at that model with the aim of reviving it,” he said.
Mr. Kumar said instead of being a constructive opposition, the Congress was engaged in a wily campaign of misinformation, but “the people will see through it once again and punish them for this misadventure”.
Blaming the Congress for plunging the rubber sector into its present crisis, he said it was the Modi government that enhanced the import duty on rubber with a view to supporting the domestic sector.
Just as the BJP came to power in J&K proving its critics wrong, the party would emerge victorious in the assembly polls in 2017, he hoped.
