The Consultative Committee meeting gives an opportunity to the Ministry of Heavy Industries to get vital suggestions from the members of the Parliament regarding various schemes of the Ministry December 4, 2009, New Delhi: The first meeting of the Parliamentary Consultative Committee of the Ministry of Heavy Industries and Public Enterprises was held under the chairmanship of Shri Vilasrao Deshmukh, the Union minster of heavy industries and public enterprises. Shri Arun Yadav, minister of state for heavy industries and public enterprises, and Dr Nitish Sengupta, chairman of the Board for Reconstruction of Public Sector Enterprises (BRPSE), were also present. It was noted that the meeting of the Consultative Committee gives an opportunity to the Ministry to have the benefit of suggestions and valuable advice of the members of the Parliament with regard to policy matters and implementation of various programmes and schemes of the Ministry. The Committee was apprised of the efforts made by the government to revive central public sector enterprises (CPSEs). The Committee noted that BRPSE, an advisory body constituted to recommend revival and restructuring of ‘sick’ CPSEs have so far recommended revival of 55 sick CPSEs. Government has approved the revival of 36 CPSEs with a total assistance of Rs 15,275 crore. As a result of efforts made by government, 14 sick CPSEs have posted profit in 2007-08 and 2008-09. Bharat Pump and Compressors Limited (BPCL), Cement Corporation of India Limited (CCI), MECON Limited, Heavy Engineering Corporation Limited (HEC) and Mineral Exploration Corporation Limited (MECL) made presentations about their turnaround strategies converting their organisations into profit earning units from earlier loss incurring units. Other members who attended the meeting were Shri Dr Bhola Singh, Dr Mahendrasinh P. Chauhan, Pakauri Lal and Basudev Acharia from Lok Sabha and Shri G Sanjeeva Reddy and R C Singh from Rajya Sabha. Dr S N Dash, secretary of the Department of Heavy Industry and Shri Bhaskar Chatterjee, secretary of the Department of Public Enterprises and other senior officers also attended the meeting. For more information, contact Press Information Bureau "A" - Wing, Shastri Bhawan, Tel: - 011- 23389338 Website: http://www.pib.nic.in/ |
