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June 22, 1998 |
Swadeshi Jagran Manch flays Maruti dealThe Swadeshi Jagran Manch has criticised the negotiated settlement between the government-owned Maruti Udyog Limited and Suzuki Motor Corporation of Japan saying it was unequal and against the interest of the country and the domestic consumers. P Muralidhar Rao, all-India organiser of the Manch, says the agreement was completely unwise and an unconditional submission to the Suzuki dictates. This has rendered MUL a 'captive company' to subserve the foreign company's interests. The Manch demanded that the government spell out the compelling reasons to agree to this kind of a ''brazenly unequal'' deal. UNI
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