(a) whether the Government are considering a proposal to disinvest two public sector companies National Handloom Development Corporation Ltd. (NHDCL) and North Eastern Electric Power Corporation Ltd. (NEEPCOL); and
(b) if so, the details thereof?
(a) whether the Government are considering a proposal to disinvest two public sector companies National Handloom Development Corporation Ltd. (NHDCL) and North Eastern Electric Power Corporation Ltd. (NEEPCOL); and
(b) if so, the details thereof?
MINISTER OF STATE IN THE MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY (SHRI SU. THIRUNAVUKKARASAR)
(a)&(b) Disinvestment Commission, has recommended that National Handloom Development Corporation Ltd. (NHDCL) should not be disinvested as long as `Hank Yarn Obligation Scheme` for yarn manufacturing mills, and `Mill Gate Price Scheme` (MGPS) are continued as NHDCL is the only authorised agency to implement the latter scheme. If MGPS is discontinued, NHDCL should be disinvested. In the case of North Eastern Electric Power Corporation Ltd. (NEEPCOL), the Commission has recommended disinvestment of 51% of Government`s equity in favour of a Strategic Partner through the competitive bidding route, together with necessary manpower rationalisation and capital restructuring. No decision has been taken on the recommendations of the Disinvestment Commission.