Daily Archives: April 3, 2008

Yet another Enron-type Debacle in making!

Governments seldom learn from their past mistakes and the state government of Maharashtra is in no way an exception. A decade back it signed a completely nonsensical deal with Enron for power production and now its somewhat going down the same road with the Dow Chemical Company. It apparently has offered almost 40 hectares of land to Dow for setting up a research lab around Pune.

There is nothing wrong in having this research lab per se. But it seems very little has been done in terms of impact analysis of the project. There is neither an environmental impact report, at least in the public domain, nor a concern for completely upsetting the local dairy business because of loss of the grazing land.

This recent article in The Business Standard sheds more light on the issue.


Filed under current economic issues