‘HMT Ltd to be revived soon’
PRESS TRUST OF INDIA
New Delhi, Feb 12: Sick units like HMT Ltd and Hindustan Cables will be revived soon as proposals to nurse these units back to health are in advanced stages, Department of Public Enterprises Secretary O P Rawat said here today.
"Hindustan Photo films is one of the sickest PSU and its employees salary level is also too low. Ailing PSUs like HMT Ltd and Hindustan Cables Ltd (HCL) revival plans are in advanced stages and would be revived soon," he told reporters on the sidelines of a CII function here.
The Board for Reconstruction of Public Sector Enterprises (BRPSE) has recommended revival of these ailing public sector units, he added.
The BRPSE, which was established in December 2004, is an body to advise the government on the strategies, measures and schemes for strengthening, modernising, reviving and restructuring public sector enterprises.
Besides, the board has suggested revival in the case of HMT Bearings, HMT Watches Ltd and British India Corporation Ltd.
HMT Ltd has been involved in the business of manufacturing tractors and watches and HCL is engaged in manufacturing and supply of telecommunication jelly filled cables, optic fibre cables and telecom turnkey services.
Ooty-based Hindustan Photo Films Manufacturing Company Limited is mainly into medical diagnostic films like medical X-ray, medical imaging film, mammographic film and scanner film.
Lastupdate on : Tue, 12 Feb 2013 21:30:00 Makkah time
Lastupdate on : Tue, 12 Feb 2013 18:30:00 GMT
Lastupdate on : Wed, 13 Feb 2013 00:00:00 IST
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