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Thiruvananthapuram, Dec. 3 The Kerala Government has initiated a number of measures to put the loss-making public sector units on healthy track, according to the Minister for Industries, Mr Elamaram Kareem.

Answering questions in the Assembly on Wednesday, the Minister said that the measures included one-time settlement of the bank liabilities of the units, strategic tie-ups with Central PSUs and modernisation and technological upgradation.

As part of strengthening the management set up, the chief executives are being appointed through transparent procedures. The Restructuring and Internal Audit Board (RIAB) is undertaking the review of the operations of the PSUs on a monthly basis. RIAB is also facilitating the training of workers to enhance their efficiency.

The Minister said that the Government had taken steps to settle the bank liabilities of seven PSUs on a one-time payment basis. These included Kerala State Electronics Development Corporation (Rs 57.85 crore), Autokast Ltd (Rs 12.52 crore), Steel Complex Ltd (Rs 8.50 crore), pre-nationalisation dues of Kerala State Textiles Corporation (Rs 3 crore), Sitaram Textiles Ltd (Rs 1.85 crore), Steel Industrials Kerala Ltd (Rs 6 crore) and Kerala State Detergents and Chemicals Ltd (Rs 30 lakh).

More Stories on : PSU | Sick Units | Kerala

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