15 Himachal PSUs in the red

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HimVani

Shimla: As many as 15 public sector units out of 25 odd corporations and boards owned by Himachal Pradesh government are ailing as they are running in huge losses and only eight have recorded marginal profits.

While responding to a joint query raised by Congress members Kaul Singh Thakur (Darang), Mukesh Agnihotri (Santokhgarh) and Rajesh Dharmani (Ghumarwani), Chief Minister Prem Kumar Dhumal informed the House that the state government has initiated a slew of measures by rationalisng the setup of ailing public sectors units. He said that some PSUs, constituted without having any merit, would be amalgamated as there are more than one PSUs for the same purpose.

He said that some PSUs are unproductive having surplus manpower while others have unprofessional human resource. He said that the state government has identified a strength of about 740 persons who were irrationally recruited. He said that the state government is motivating to reduce the unnecessary manpower by offering VRS(Voluntary Retirement Scheme) to employees.

Dhumal said that Nahan Foundry, HP State General Industry Corporation (HPSGIC) and HP small Industry and Exportation Corporation (HPSI & EC) are being merged with HP Industrial Development Corporation (HPIDC). The CM further disclosed that salary about 102 workers of Himachal Agro Industries Corporations have not been disbursed due to deteriorated health of the corporations and it has to pay a liability of Rs 2.74 on account of salary.

Dhumal denied that the state government has any plan to disinvest in ailing firms. He said that State Finance Corporation, State Electricity Board, HRTC, HP SC/ST Corp. HP General Industry Corp. HP Agro Industries Corp, HPMC, HP forest Corp. HP Small HPSI&EC are among the loss making units in the state.

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2 COMMENTS

  1. Best way to bring out the state owned PSUs from huge losses is to shunt out incumbent Bureaucracy from their position and give charge in hand of fresh and dynamic minds just coming out from IIMs and reputed MBA institutes.
    Mohan Lal Verma

  2. Best way to bring out the state owned PSUs from huge losses is to shunt out incumbent Bureaucracy from their position and give charge in hand of fresh and dynamic minds just coming out from IIMs and reputed MBA institutes.

    Mohan Lal Verma

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