MINISTER OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI SUBODH MOHITE)
(a): 119 Public Sector Undertakings (PSUs) have earned profit as on 31.3.2002. The names of these PSUs are
given in statement 7 A of Volume I of Public Enterprises Survey 2001-2002, which was laid in Parliament on 3.3.2003.
(b) As per available information, 11 PSUs have been closed during the last three years, out of which 7 were located in
West Bengal and one each in the State of Andhra Pradesh, Karnataka, Maharashtra and Uttar Pradesh.
(c) As per available information till 31.3.2003, 68 Central Public Sector Undertakings were registered with
Board for Industrial and Financial Reconstruction (BIFR) and out of which two have been declared as `no longer sick`.
(d) Enterprises specific measures are taken by the concerned administrative Ministries/Departments/Management of
PSUs for restoration/revival of PSUs. Some of the common steps taken in this regard include referring continuously loss
making industrial PSUs whose networth has become negative to the BIFR for rehabilitation/revival, periodical review of
the performance of the PSUs by the concerned administrative Ministries/Departments, business and financial restructuring,
infusion of fresh funds, upgradation of technology, improved marketing strategy, purchase preference policy, rationalization
of manpower,cost control measures etc.
(e) The closure of CPSUs were effected after separating the employees through Voluntary Retirement/Separation Scheme.
(f) Information is given at Annexure.
Annexure
Annexure referred to in the answer to the Lok Sabha Unstarred Question No. 2498 for 7.8.2003 regarding reveval of PSUs.
Sl.No. Name of Enterprise Name of State No.of employees availed VRS upto 31.03.2002
1 Bharat Brakes and Valves Ltd. West Bengal 536
2 Bharat Process & Mechanical Engineers Ltd. West Bengal 1039
3 Cycle Corporation of India Ltd. West Bengal 2814
4 Mining & Allied Corporation Ltd. West Bengal 6086
5 Rehabilitation Industries Ltd. West Bengal 2209
6 RBL Ltd. West Bengal 264
7 Weighbird (India) Ltd. West Bengal 395
8 Mandya National Paper Mills Ltd. Karnataka 950
9 Tannery & Footwear Corporation Ltd. Uttar Pradesh 1550
10 National Bicycle Corporation of India Ltd. Maharashtra 1323
11 Southern Pesticides Corporation Ltd. Andhra Pradesh 209 #
Total 17375
# Provisional for 2001-2002 only.