The 70s and the 80s were marked, among other things, by acquisition and merger of companies with the public sector. Notable among these were the merger of Heavy Electricals India Ltd (Heil, Bhopal) with Bharat Heavy Electricals Ltd (Bhel) and of the New Bank of India with Punjab National Bankto name a few. The results are there for everyone to see. Today, Bhel and PNB are among top-ranking entities, comparable to the best in the world.
The proposed merger of Indian and Air-India is a step in the right direction and governed by strategic and fiscal factors.
In fact, this should have been done much earlier. Let there be no further loss of time on this move.
With the combined strength, both in assets and resources, the new company will have a competitive edge in the fast-growing sector worldwide. In terms of infrastructure too, each airline is trying its best to improve it.
When the two state-owned flagship carriers, Indian and A-I merge, there will be consolidation and optimal use of their assets and resources.
At the same time, the fears and apprehensions of the employees of the two airlines should be set at rest so that they too are in favour of the merger.
This refers to your editorial A bow to Dr Kurien (March 22). The manner in which a person of Dr Verghese Kuriens stature was forced to bow out is indicative of the poor health of the Gujarat Cooperative Milk Marketing Federation.
The Gujarat government must try to find out why this had to happen and in this manner. As you have rightly said: No one can be glad at the manner of Dr Kuriens exit; it is little balm to note that his huge achievements will endure. Bidyut Kumar Chatterjee