The World Bank has agreed to investigate Amalgamated Plantations Private Limited (APPL) in India for abusive working conditions on tea plantations in the north-eastern Indian state of Assam, following a formal complaint by workers. A Columbia Law School team has confirmed the workers allegations.
In 2009, the International Finance Corporation (IFC), an arm of the World Bank, invested $6.7 million into the newly created APPL to take over 25 plantationsfrom the Tata Group, a major Indian multinational. In return, the IFC got a 19.9 percent in the new entity while Tata kept 41 percent ownership. The 31,000 workers on the plantations were allowed to buy shares in the new company at Rs 10 ($0.20) per share.
Monday, February 24, 2014
World Bank Agrees to Investigate Labor Conditions at Indian Tea Company
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