THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI E.V.K.S. ELANGOVAN)
(a),(b)&(c) Labour Bureau, Shimla, under the Ministry of Labour and Employment collects information on closure of industrial units covered by the Industrial Disputes Act, 1947. As per the information available with the Labour Bureau, 114 units were closed during the period from January to September 2004. Out of these, 16 units were closed in Gujarat and 3 in Jharkhand. As per the industry-wise number of closures during 2003, the industries group most affected pertains to engineering followed by textiles and food products.
As per the Third Census of Small Scale Industrial (SSI) units with reference year 2001-02 conducted during November 2002 to June 2003 in the country, 8,87,427 units were found closed which were registered in the SSI sector. Of these, the number of units closed in Gujarat and Jharkhand were 39,159 and 13,822 respectively. The industry-wise closure data is not available in the Third Census.
(d) Revival of closed industrial units comes under the purview of the administrative Ministry concerned
with that particular unit. The Government provides a policy regime that facilitates and fosters growth and development
of industries. The Government has also taken a number of steps for revival of sick industrial units in the country
which, inter alia, include guidelines of Reserve Bank of India to banks, amalgamation of sick units with healthy units,
setting up of Board for Industrial and Financial Reconstruction(BIFR) under the Sick Industrial Companies
(Special Provision) Act, 1985 etc. Wherever feasible, rehabilitation schemes are sanctioned for the revival of
these units registered with the BIFR which inter alia include restructuring of the capital, induction of fresh funds
by the promoters, including Government assistance for public sector units, merger with other companies, change of
management, relief and concessions by Financial Institutions/Banks, and relief and concession by the State and Central
Governments in the form of rescheduling of dues.
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