HYDERABAD: The management of Regency Ceramics Ltd has urged the Puducherry chief minister to entrust the investigation into the violence at its Yanam plant to the CBI and ensure that people behind the brutal acts, however important they may be, are brought to book and such incidents do not recur.Talking with reporters here on Tuesday, company chairman and managing director DN Naidu and executive director N Satyendra Prasad said the company had no immediate plans to reopen the burnt factory which sustained massive damage on January 27 in the labour unrest and violence.They said they were waiting for insurance companies to complete their assessment of the damage. It would take some time to bring things to normal, they said. They said reopening of the plant might take four to six months. The factory was insured for over Rs 450 crore.All the insurance companies are expected to complete their assessment of the damage in about 10 days.Naidu said the ceramic manufacturing facility suffered irreparable losses. “This (violence) was instigated by outsiders. There is need for detailed investigation.We are demanding CBI inquiry into the whole issue as the violence was pre-planned and outside elements were involved in it,” he said.“Goondas and antisocial elements, in the guise of employees, attacked the factory and school children and teachers at will and our president KC Chandrasekhar died in the attack. We do not know whether to go in for production at all. Irreparable damage has been caused,” he added.According to a rough estimate, the company sustained losses to the tune of Rs 100 crore in the violence which also claimed the lives of a senior company official and a trade union leader.“We still do not know the extent of the damage as none of us was able to visit the factory but what we came to know is that the damage is extensive,” Naidu said.With allegations of the involvement of politicians including an MP doing the rounds, Naidu said that only a comprehensive probe can bring out the facts.The chairman also quoted local people as saying that Mumbai mafia was brought to Yanam and 2,500 to 3,000 goondas were hired to carry out large-scale violence.Satyendra Prasad said the company was weighing three options: reviving the unit slowly, relocating the plant and a complete sell-off. He, however, said the company was inclined to reviving the plant on its own.
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