The West Bengal government today said it may participate in the bidding process to acquire Dunlop India in the interest of workers after studying yesterday's Calcutta High Court order, which directed the ailing tyre manufacturing company be wound up.
“After studying legal aspects, the state government may participate in the bidding process to acquire Dunlop India. This will be keeping in mind the workers’ security,” West Bengal labour minister Purnendu Basu told PTI.
He, however, said that the government was yet to receive a copy of the order and that a final decision would be taken thereafter.
“After we receive the copy of the order, we will consult the legal experts and examine the legal aspects before deciding on the future course of action,” the minister said.
Having led the tyre manufacturing industry for decades, the company went down the slope since late 1990's.
In 2005, the Ruia Group, led by Pawan Kumar Ruia, took control of the company.
Ruia was not available for comment.