The government has approved revival packages for 19
sick central public sector enterprises (CPSEs), minister
for heavy industries and public enterprises Sontosh Mohan
Dev informed the Lok Sabha.
These are among 30 firms whose revival has been recommended
by the Board of Reconstruction of Public Sector Enterprises
(BRPSE), the minister said in reply to questions.
In some cases, BRPSE has recommended revival through joint
venture or disinvestments while, in the case of Cement
Corporation of India Ltd, it has suggested that non-operating
units be closed but other operating units be revived,
The government has approved closure plan for Bharat Ophthalmic
Glass Ltd as recommended by BRPSE, he said.
The minister noted that 41 CPSEs have been piling up losses
for five years. He said every effort will be made to revive
sick companies, but chronically loss-making firms will
either be sold off or closed after all workers get their
legitimate dues and compensation.
BRPSE has been set up on the lines of the erstwhile BIFR
to advise the government on ways of modernising, reviving
and restructuring CPSEs.