Financial Daily from THE HINDU group of publications
Monday, Jul 26, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - PSU


Bengal keen to reform State PSUs

Our Bureau

Kolkata July 25

THE West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, has reiterated his firm commitment to reforming of the State PSU sector. The State has a total of 56 PSUs, mostly taken over from private entrepreneurs. A large number of these PSUs are sick.

Addressing a meeting at the Ramakrishna Mission Silpamandira at Belur in Howrah, Mr Bhattacharjee said that the State Government would no longer burden itself with the financial liabilities of sick PSUs.

"For decades we paid the wages and salaries of these sick units, but no more. Those units which could not be revived would either be divested or closed." His comments came in reference to Ramakrishna Mission's efforts to impart technical training to the replaced workforce of such closed or divested units. On technical education in the State, he said that keeping in mind the long pending demand for more engineering colleges, the State Government had invited private investment in higher education. In the last three years, the number of engineering colleges in West Bengal had gone up from nine to 57. The State had also received the Centre's approval to set up three more medical collages. Mr Bhattacharjee admitted, "Close to 14 lakh children still remain out of the reach of primary education in Bengal. We have to rectify the situation at the earliest."

More Stories on : PSU | Other States | Sick Units

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Dumping probe on compressors from China, Malaysia


Guard against surprise on US interest rates
Madras HC order puts Tirupur dyers in a bind
Heart transplant at Care
Crisil says sectoral approach will be key growth driver in Gujarat
Bengal keen to reform State PSUs
Making LNG imports on f.o.b. mandatory — An oar for Indian ship-owners
Check on KSEB meters
Introduction of goods and services tax — India Inc welcomes Kelkar panel proposal
Railways strikes black gold
Schools to remain closed in Kerala
Skoda may develop car for Asian market
`Patents Act change can trigger spurt in IP violations'
Indian Airlines carries flood relief materials free-of-cost to victims
Electronic monitoring of panchayati raj funds utilisation mooted
`NRIs are in favour of floating political party'
Engagements



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line