Thiruvananthapuram: Chief Minister Pinarayi Vijayan The state government has been asked to stop participating in the open bidding process for the sale. HLL Lifecare Limited would not conform to the principles of cooperative federalism.
The Center should also recognize the fact that PSU They have set up their unit in state-owned land, he said in a letter to the prime minister Narendra Modi, The Chief Minister has written to the PM as the Center has rejected the request of the State Government to participate in the bidding process of HLL Lifecare.
The Chief Minister said that “the state government has the capacity given by the Constitution to take decisions on its own in such matters.”
“It is pertinent to note that the land HLL Lifecare Ltd. was acquired and handed over to the Center by the State Government for setting up a specific project. If the Center does not propose to retain HLL Lifecare as a government entity, it means that the state government should be given an option to retain it as a state PSU. Therefore, the state government should be given the first right to hold the land and property of HLL Lifecare Limited,” Vijayan said in the letter.
The CM said in the letter that either both the land and the property of HLL Lifecare Ltd can be handed over to the state government or it should be allowed to participate in the expression of interest process.
As per preliminary information, Memorandum for submission of expression of interest for strategic disinvestment of HLL Lifecare Limited, Central Government-owned Co-operative Societies, Entities where the direct stake of the Center or other CPSEs is 51% or more and Global Investments. , only those specified are not eligible to participate in the proposed transaction. He said that it is nowhere specified that State Government or State PSUs are not eligible to participate in the bidding process of HLL Lifecare.
The CM, in a letter to Modi, also recalled the request made by him in June 2017 that privatization of HLL Lifecare, a for-profit and socially committed PSU, should not go ahead.
The Center should also recognize the fact that PSU They have set up their unit in state-owned land, he said in a letter to the prime minister Narendra Modi, The Chief Minister has written to the PM as the Center has rejected the request of the State Government to participate in the bidding process of HLL Lifecare.
The Chief Minister said that “the state government has the capacity given by the Constitution to take decisions on its own in such matters.”
“It is pertinent to note that the land HLL Lifecare Ltd. was acquired and handed over to the Center by the State Government for setting up a specific project. If the Center does not propose to retain HLL Lifecare as a government entity, it means that the state government should be given an option to retain it as a state PSU. Therefore, the state government should be given the first right to hold the land and property of HLL Lifecare Limited,” Vijayan said in the letter.
The CM said in the letter that either both the land and the property of HLL Lifecare Ltd can be handed over to the state government or it should be allowed to participate in the expression of interest process.
As per preliminary information, Memorandum for submission of expression of interest for strategic disinvestment of HLL Lifecare Limited, Central Government-owned Co-operative Societies, Entities where the direct stake of the Center or other CPSEs is 51% or more and Global Investments. , only those specified are not eligible to participate in the proposed transaction. He said that it is nowhere specified that State Government or State PSUs are not eligible to participate in the bidding process of HLL Lifecare.
The CM, in a letter to Modi, also recalled the request made by him in June 2017 that privatization of HLL Lifecare, a for-profit and socially committed PSU, should not go ahead.