CPI(M) Ernakulam district secretary accuses State govt., MP of inaction over FACT crisis
CPI(M) leader S. Sathish has criticized the Kerala state government and local MP Hibi Eden for their alleged inaction regarding the financial crisis at Fertilisers and Chemicals Travancore (FACT). He urged for immediate intervention to secure subsidies and approve expansion projects to protect jobs.
Why it matters
The dispute highlights the intersection of public sector industrial health, regional politics, and the role of elected representatives in managing state-owned enterprises.
Communist Party of India (Marxist) [CPI(M)] Ernakulam district secretary S. Sathish on Wednesday accused the State government and Ernakulam MP Hibi Eden of failing to act on the financial crisis facing Fertilisers and Chemicals Travancore (FACT), India’s first public sector fertiliser manufacturer.
Mr. Sathish accused the Congress MP of maintaining a “criminal silence” on issues concerning Central public sector undertakings in his constituency. He said the MP had failed to exert pressure on the Central government to protect workers and central PSUs, citing the closure of Hindustan Insecticides Limited at Eloor and labour issues at Hindustan Machine Tools as examples.
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