Business Standard
Saturday, Nov 21, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Smart Portfolios II
  Search:
IIT alumni gang up against Dow Chemicals
BS Reporter / New Delhi October 24, 2007
Dow Chemicals, the new owners of Union Carbide plant in Bhopal are facing opposition from a new quarters over issues related to Bhopal gas disaster.

Alumni of various Indian Institutes of Technology (IITs) are now putting pressure on the institutes to prevent campus interviews being conducted by the company. The company was recently forced to cancel its pre-placement talks in IIT Madras and Bombay after students raised the issue about its entry into IIT. Now about 1000 alumni members have sent a petition to the directors of various IITs urging them to bar Dow Chemicals from any partnership or role in the premier institutes of the country.

Magsaysay awardee Arvind Kejriwal and activist Prafool Bidwai, both alumni of IIT said that the public outrage stems from Dow's continued evasion of legal responsibilities in Bhopal.

"Dow Chemicals not only acquired Union Carbide but also its liabilities as well. The company has to clean-up the toxic waste in Bhopal, compensate the victims of contamination and force its subsidary to face criminal trial in the Bhopal court. Otherwise, Dow will be met with hostility wherever it goes in India," Bidwai said.

"A separate petition signed by 89 of the faculty and students within IIT Madras urged its director to bar Dow from recruiting students on campus. The company cancelled its pre-placement talks in IIT Madras and Bombay after students raised the issue about its entry into IIT,'' they said.

The activists also said that ever since it took over Carbide in 2001, Dow Chemicals has actively shielded the company from the Indian courts even while profiting from the illegal sale of its products in the country. Stating that the company is involved in dishonest and corrupt practices, they said that in early 2007, Dow was caught for paying more than $200,000 in bribes to senior agriculture ministry officilas to expedite registration of three pesticides including the one banned for household use in the US owing to its toxicity.

In 2005, Indian Oil Corporation was forced to cancel a technology contract with Dow after survivors demonstrated that Dow had lied to IOC about the ownership of the technology. It had tried to pass off Union Carbide technology as its own to avoid legal action because of Carbides' status as an absconder, they said.

Calling upon the students of IITs to bar Dow from entrering their campuses, Bidwai and Kejriwal urged the IITs to set an example by developing a screening criteria for corporations wishing to partner or recruit from IITs. "In the absence of any screeing mechanism in IITs, all kind of companies including those with horrendous environmental and human rights records and those found corrupt and unethical like Dow enter the campuses easily, they said.

Even as Dow is exerting pressure on the Indian government to get all liabilities related to Bhopal waived, the petition says Dow's motive in forging ties with IIT Madras is merely to acquire credibility to its tainted image.

 
 
Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- S C Kalia takes over as Union Bank ED
- PNB may acquire majority stake in Kazakh bank
- Maoist hindering land acquisition for Tata steel project: Raman
- Koda says he will report to ED only after Jharkhand polls
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Bharti Airtel slashes roaming rates by 60%
- Govt may allow private sector investment in education
- Network18 lays off 200 staffers
- Suzlon Energy's three promoters pledge 2.8 cr shares
- Patni may host all IT services on 'cloud'
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should India's defence sector be thrown open to foreign investments?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback