(a) whether the Government is considering for workers` management of Public
Sector Units which are loss making or have been referred to Board for Industrial
& Financial Reconstruction (BIFR);
(b) if so, the details thereof;
(c) whether the Government is considering for involving professional management
consultancy firms in reviving loss making Public Sector Units; and
(d) if so, the details thereof?
THE MINISTER FOR HEAVY INDUSTRIES & PUBLIC ENTERPRISES (SHRI PRAFUL PATEL)
(a) & (b): As per Section 18 of the Sick Industrial Companies (Special Provisions) Act 1985 (SICA), the Board for
industrial & Financial Reconstruction (BIFR) can recommend revival and rehabilitation of a sick company, inter-alia,
through change in management The issue of handing over the Management of a sick company into the hands of the workers has,
however, so far not come before the BIFR. Such a prospect can be considered by the BiFR only if the rehabilitation scheme
provides for it and all stake holders of the sick CPSE are agreeable to such a change in management.
(c) & (d): The Government has constituted the Board for Reconstruction of Public Sector Enterprises (BRPSE) in 2004 to
advise the Government of India for revival and restructuring of loss making CPSEs. The concerned administrative Ministry /
Department is required to send the revival proposal of the CPSE identified as `sick` for consideration of BRPSE.
The administrative Ministry / Department, along-with the concerned CPSE, prepare the revival proposal in consultation with
professional management consultancy firms.