Tyre Corporation of India closure under discussion

It’s still sick and India’s government is still thinking of closing it – according to The Economic Times, plans to divest government-owned company Tyre Corporation of India (TCIL) are no longer going ahead, nor is a joint venture partner being sought.

Government minister Anant Geete stated that India’s government is “not going in for disinvestment” of any loss-making public sector units, and that it is “thinking about closing down two more units” – one of them being Tyre Corporation of India Ltd. “We are discussing these proposals.”