Writing in Hindustan Times ( 23 July 2015 ) , Timsy
Jaipuria
provides following information about Scooters India
Ltd (SIL) :
* SIL employs
1000 persons
* Incurred
losses from 2002 to 2012
* Given Rs 200
crore revival package in 2013
* Expected to
make loss in 2015
* Government
could not find a buyer for SIL in2011
* If SIL fails
to revive , Government will try to divest again
All of these reminded me of the following letter that
I wrote to 7,500 employees of L&T Powai Works ( individual copies in
English and Marathi ), some 30 years back :
------------------------------------------------------------------------
28 Feb 1986
Dear Friends :
FLOGGING A DYING HORSE
The correct idiom is
"flogging a dead horse" but there is every possibility that
the horse ( Scooters India ) is dead by now.
This is because the enclosed article (
Dying Horse ) about SIL is almost 18 months old.
And as of Dec. 31,
1985, we have such 93,282 dying (or dead?) horses
in our country.
These are known as " Sick Units
"
What I do not know is
whether the above mentioned figure includes
public-sector ( Govt. owned ) sick-units or
not.
Most of these are sick - in fact VERY
SICK. If you wish to know how
"sick", here are some "temperature-readings" :
-----------------------------------------------------------------------
Government Unit ( PSU ).......... Loss in
last 3 years ( Rs Crores )
------------------------------------------------------------------------
1.
|
|
|
2.
|
|
|
3.
|
|
|
4.
|
Scooters India Ltd. (SIL).............................. 50
|
|
5.
|
----------------------------------------------
|
|
I understand that the
Govt. is planning to wind-up (close-down)
the first 3 units and merge the remaining 2 units
with some successful public or private sector company.
From the "Dying Horse"
article, we find that neither Bajaj nor HMT wants to even touch Scooters India
!
And no wonder
A similar company in America
would perhaps employ 500 persons whereas Scooters India has employed 3500
persons .
If you do not believe me, next time
stop and count the number of persons pretending
to dig a hole for a faulty telephone cable !
How long before some of us muster enough
courage to ask
"Am I my brother's keeper?"
H C Parekh
General Manager ( Powai )
------------------------------------------------------------------------
It seems , since I wrote the above-listed letter ,
things have not changed ! May be the " Industrial Sickness " has
spread
May be we need to launch another initiative called ,
" Close in India " !
And permitting 100 % FDI in sick units could be another
" Out of Box " solution worth considering ! Nothing to lose but something to gain
And , the beauty is , no political party will oppose
such " Privatization " !
--- hemen parekh
23 July
2015
B2BmessageBlaster
---------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------
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