SICKNESS
IN CPSUs
RAJYA SABHA
As per available information,
during the last three years there is no increase in the number
of industrial sick Central Public Sector Undertakings (CPSUs)
registered with BIFR. As on 31st March 2002, 66 sick
industrial CPSUs whose net worth had become negative were registered
with BIFR and of these seven PSUs were making profit and as such
59 PSUs running in losses, as per Public Enterprises Survey 2000-01.
Enterprise specific
measures are taken by the concerned administrative Ministries/Departments/Management
of PSUs for performance improvement. Some of the common steps
taken in this regard include referring continuously loss making
PSUs whose net worth has become negative to the BIFR for formulation
of rehabilitation/revival scheme, 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 strategies, cost
control measures etc.
This information was
given in the Rajya Sabha today by Dr. Vallabhbhai Kathiria, Minister
of State for Heavy Industries and Public Enterprises in a written
reply to a question by Shri Kripal Parmar.
