{"id":29957,"date":"2020-07-18T19:20:55","date_gmt":"2020-07-18T13:50:55","guid":{"rendered":"https:\/\/kashmir.today\/?p=29957"},"modified":"2020-07-18T19:20:55","modified_gmt":"2020-07-18T13:50:55","slug":"no-decision-to-close-down-psus-but-reforms-under-discussion-commissioner-secretary-industries-commerce","status":"publish","type":"post","link":"https:\/\/kashmir.watch\/?p=29957","title":{"rendered":"‘No decision to close down PSUs but reforms under discussion’: Commissioner Secretary, Industries & Commerce"},"content":{"rendered":"\n

\u201cExcept JKCL, all PSUs profitable\u201d<\/em><\/strong><\/h4>\n\n\n\n

Srinagar<\/strong>: The Jammu and Kashmir Union territory government on Saturday clarified that no decision has been taken for closure of public sector undertakings (PSUs) but reforms are under discussion.<\/p>\n\n\n\n

Commissioner Secretary, Industries and Commerce, Manoj Kumar Dwivedi said all PSUs except Jammu and Kashmir Cement Limited (JKCL) are profitable.<\/p>\n\n\n\n\n\n

\u201cThe document viral on social media is not an order issued by the government (for closure of PSUs) but an internal communication. It is an internal discussion,\u201d he told news agency Kashmir Indepth News Service (KINS) over the phone.
\u201cRight now, all PSUs are profitable and they are doing well. They are profitable enough to bear the monthly salaries of its employees,\u201d he said.
However, he said that JKCL is in loss and the discussion was going on what reforms should be taken for its revival.<\/p>\n\n\n\n\n\n

\u201cPrivatization of JKCL can be a good step. But amid the pandemic, its privatization is not a good idea as of now. We are discussing reforms to make PSUs more efficient and profitable,\u201d he said.
He added in case of need, a component from PSU can be privatized.\u201cDiscussion is an opportunity for us to see what reforms are needed,\u201d he said.
According to the reports the government had made a proposal to close the J&K Small Scale Industries Development Corporation (SICOP), J&K Minerals Limited and J&K Industries Limited and privatization of J&K Cements Limited.<\/p>\n\n\n\n\n\n

\u201cIn January this year Principal Secretary to the Lieutenant Governor, Bipul Pathak issued a communication that the Small Industries Development Corporations (SIDCO) should manage all the industrial estates in the Union Territory to promote large, medium and small scale industries. It was advised that the SICOP should be closed and all the Industrial Estates presently managed by the SICOP should be transferred to SIDCO.<\/p>\n\n\n\n\n\n

\u201cJ&K Minerals and mineral sites being managed by it, be auctioned as per norms, J&K Cement Ltd should be privatized after assessment of its assets in a transparent manner,\u201d the reports had said.<\/p>\n\n\n\n

“Similarly, the J&K Industries Ltd was advised to be closed and the industrial units run by it should be privatized\/auctioned, whereas J&K Handicraft (S&E) Corporation should be merged with J&K State Handloom Development Corporation”.
The ‘proposal’ to close down four PSUs and privatization of JJKCL was not gone well among industrialists.(KINS)<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

\u201cExcept JKCL, all PSUs profitable\u201d Srinagar: The Jammu and Kashmir Union territory government on Saturday clarified that no decision has been taken for closure of public sector undertakings (PSUs) but reforms are under discussion. Commissioner Secretary, Industries and Commerce, Manoj Kumar Dwivedi said all PSUs except Jammu and Kashmir Cement Limited (JKCL) are profitable. \u201cThe […]<\/p>\n","protected":false},"author":1,"featured_media":29958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-29957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-union-territory"],"_links":{"self":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/29957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29957"}],"version-history":[{"count":0,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/29957\/revisions"}],"wp:attachment":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}