Thursday, 8 December 2011

HMT Ranibagh Nanital factory revival mulled

Written by Anil Singh

The HMT Ranibagh factory at Nainital, may not be working for years now; but it still sits comfortably in the public memory; that’s why the recently held Uttarakhand Naib TehsilDar exam; asked the examinees the location of the factory.

But after years of uncertainty, about its revival, the Uttarakhand government is planning to revive the HMT unit at Ranibagh in Kumaon region by infusing fresh capital and also through sale of its unutilised land.

What is the plan:

Under a new plan being considered by the Uttarakhand department of industry, the government-owned cash-rich the State Infrastructure and Industrial Corporation of Uttarakhand Limited [SIDCUL] would enter into picture. SIDCUL will form a joint venture with HMT to revive the manufacturing unit. SIDCUL agrees to revive the unit, which needs Rs 25 crore for its revival.

History of HMT Ranibagh Naintal factory:

Former Prime Minister of India Rajiv Gandhi inaugurated the Rs 65 crore factory in 1985. But within 10 years of its establishing, the factory went into red. Ruining the future of hundreds of its employees.


Although, the government has convened a high-level meeting at the industrial estate of Bheemtal in Kumaon region during the visit of Chief Minister B C Khanduri on December 11; the fact that the Assembly polls are round the corner, it is still too difficult to say whether the revival promise is a vote attracting tactic or has substance to it.

In the atmosphere of elections, Uttarakhand CM is rolling out many schemes and laying many foundation stones (without any budgetary allocation for them); but only time will separate the truth from the Lies.

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