REVIVAL OF INSTRUMENTATION LIMITED
LOK SABHA
BIFR approved scheme
for revival of Instrumentation Limited (IL) is under implementation
since 1.4.1999. The BIFR, in its review meeting held on 26.09.2002
have observed that there is a need to modify the existing scheme.
The modified revival plan has not yet been finalised.
The BIFR sanctioned
revival package envisages restructuring of Palakkad unit by way
of subsidiarisation to facilitate joint venture formation. IL
completed all the formalities for the subsidiarisation of its
Palakkad unit and has obtained certificate of incorporation from
Registrar of Companies, Kerala as per the BIFR sanctioned revival
package.
This information
was given by Dr. Vallabhbhai Kathiria, Minister of State for Heavy
Industries and Public Enterprises in a written reply to a question
by Shri N.N.Krishnadas in Lok Sabha today.
