| |
|
No. of SLPEs
|
53
|
|
Investment (as on 31.3.2000)
|
Rs.
12425 crores
|
|
Net accumulated loss (as on 31.3.2000)
|
Rs.
847 crore
|
|
Identified for disinvestment |
9 |
|
Process initiated
|
2
(Punjab State Electricity Board, Punjab Roadways)
|
|
|
25
SLPEs out of 53 in Punjab are reported to have shown losses as on 31.3.2000,
and 23 SLPEs are reported to be non-working. |
|
The
Government has set up a State Disinvestment Commission for Privatisation
of SLPEs and a Core Group for restructuring, reforms and disinvestment of
SLPEs and Apex Cooperative institutes. |
|
5
SLPEs have been close down pursuant to the Government policy of closing
down chronically loss making non-core, non-strategic SLPEs. These are: Punjab
State Leather Development Corporation, Punjab State Hosiery & Knitwear Development
Corporation, Punjab Film & News Corporation, Punjab Women & Children Development
& Welfare Corporation, and Punjab Poultry Development Corporation. It is
actively considering closure of 2 more SLPEs, namely, PUNWAC and PPDC. |
|
Punjab
Tourism Development Corporation is being privatised by leasing out resorts
to private parties, awarding management contracts. The privatisation process
for Amaltas Hotel, Ludhiana has also been set in motion. |
|
Gradual
disinvestment has been initiated in the non-strategic subsidiaries of Punjab
State Industrial Development Corporation. The process of disinvestment in
Punjab Communications has begun. |
|
The
parent company's shareholding in Punjab Tractors Limited has been brought
down to 23.50% through a step strategy, i.e., issuing shares to public at
premium and selling the shares of the parent company to the highest bidder.
(Source: IPE / State Government) |
