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KERALA
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109 |
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Rs. 9804.91 crores |
 On
April 4, 2002, the Industries Minister, Shri P.K. Kunhalikutty, released
the UDF Government’s ‘Approach Paper for State Level Public
Enterprises’ which states that the Government would not continue to prop
up loss-making public sector entities. The Minister said the target was to
restructure 25 enterprises by June 2003.
The nature of the
restructuring process would be decided on a case-by-case basis through the
Enterprise Reforms Committee (ERC) and State Planning Boards and State
Cabinet for the final decision. The
restructuring process would be a time-bound operation.
The trade unions too had by now realized the inevitability of
addressing the problem of Kerala’s public sector objectively.
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Chairman of the ERC, said that the Government had been indirectly subsidizing
the PSUs in the State. These
units were running up an annual loss of about Rs. 40,000 per employee.
Public spending on PSUs had to be reduced so that the savings achieved
thus could be devoted for poverty reduction and infrastructure development.
He said the reform programme for PSUs should be seen as a key component
of an integrated development policy.
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| (Source : The Hindu, April 5, 2002 and CAG Report March 2001) | |
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No.
of SLPEs