Srinagar, June 07: Jammu and Kashmir government has constituted an expert core group to identify sick public sector undertakings having viability to revive, while other sick units which have no scope for revival would be closed down. Government is keen to revive all sick PSUs but it cannot continue to fund those which can not be revived, Deputy Chief Minister Mangat Ram Sharma said in the state assembly replying to the debate on demand for grants of the departments under his charge.
He said government was aware of the interests of the workers and in the event of any PSU being shut down, the workers would be given a golden handshake. Disclosing that the government had noticed as many as 162,19 industrial units were `non-existent', Sharma announced an inquiry into the matter.
Of the non-existent units, 9422 industrial units are in Kashmir and 6797 in Jammu, he said. He said 15,105 units were functional in the state at present. Sharma said government was formulating a new industrial policy for which suggestions would be sought from the public and concerned representatives of trade and industry. He said huge incentives were available to the entrepreneurs for investment in the state under the existing industrial policy, which has been extended for six months.
The policy was due to expire in March last. Bureau Report