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Record note of the meeting held on 20-08-2002

GOVT. OF ASSAM

DEPARTMENT OF PUBLIC ENTERPRISES

RECORD NOTE OF THE MEETING ON STATE LEVEL PUBLIC ENTERPRISES HELD ON 20th AUGUST 2002 IN ASSAM ADMINISTRATIVE STAFF COLLEGE FROM 10-30 AM

Sri Bhubaneswar Kalita, Minister, Public Enterprises chaired the meeting, as Hon’ble Chief Minister Sri Tarun Gogoi was away due to personal indisposition. Ministers & Minister of State & Principal Secretaries / Commissioners & Secretaries / Secretaries of administrative departments of State Level Public Enterprises, Chairpersons & Chief Executives of the State Level Public Enterprises and distinguished invited guests participated in the meeting. The list of attendance is annexed.

Sri P.K.Chowdhary, Commissioner & Secretary, Department of Public Enterprises delivered the welcome address. In the introductory speech, Sri J.P.Rajkhowa, Additional Chief Secretary spoke of the maladies of the public sector, their huge arrear in finalization of accounts, steps required to be taken in the changed environment and caution required in the implementation of the reform process, particularly on shedding-off surplus employees through voluntary retirement scheme etc. In his speech, the Minister, Public Enterprises stated about the imperative necessity of taking corrective steps to improve the functioning of the Public Enterprises in the State. He desired deliberations firstly on human resource, financial, management & accountability issues and secondly on functioning of each of the Public Enterprises & consideration of the recommendations for improving their position. The Chief Minister in his read-out address expressed his hope for formulation of policy framework to enable the public sector in the State to be dynamic & vibrant. He explained the history of growth of public sector, their overall failure to contribute to the economy, changes necessitated by globalization & liberalization and latest reform steps in the Central Government undertakings, viz. revival & restructuring of potentially viable enterprises, closing-down non-viable enterprises and bringing-down Government equity to 26 % or below in all non-strategic enterprises. He indicated that the public enterprise system in the State might have to be looked into in a slightly different platform in view of the need of their promotional role & protection of workers’ interests. He desired that keeping these in view, identification of the areas in which to disinvest and the areas in which the public sector system should be revived & strengthened be made. He stressed that the deeper issues resulting in malaise affecting the public enterprises in the State should be looked-into, as cosmetic remedies are unlikely to provide lasting solutions. Then the Commissioner & Secretary, Department of Public Enterprises presented the overall scenario of the State Level Public Enterprises, which included growth of State Level Public Enterprises, investments, human inputs in them, their performance, their status based on the review made by the Department of Public Enterprises in July/August 2001, major problems faced, issues those were important, such as on human resource, financial, management, accountability & conflicting role of public enterprises in the State, with recommendations for consideration, through slide projections. A printed report containing macro-indicators, status of the enterprises as were found in July/August 2001, major problems faced, issues for consideration and enterprise-wise findings as in July / August 2001, with recommendations of the Department of Public Enterprises and the latest status on finalization of accounts as per available information were also placed before the participants.

These were followed by reactions from the Ministers & distinguished guests. The Ministers Sri G.C.Langthasa of Mines & Minerals, Hill Areas and Animal Husbandry & Veterinary Department; Dr. Ardhendu Kr. Dey of Agriculture Department; Dr. Hemo Prova Saikia of Handloom, Textile & Sericulture Department; Sri Misbahul Islam Laskar of Co-operation Department and Minister of State of Power and Industries & Commerce Department cum Chairman of Assam Small Industries Development Corporation Ltd. Dr. Ananda Ram Baruah spoke on the status of the enterprises under their control, their problems, action plans and financial & other supports required from the State Govt. & External sources.

 

Amongst the distinguished guests, Dr. P.K.Choudhuri emphasized on effective management through professional work-culture, workers’ involvement, introduction of the concept of MOU and human resource development. Sri H.N.Das (IAS-Retd.), Ex-Chief Secretary, Assam spoke of the tremendous changes in the global & national economic environment, economic reforms, new vistas and immediate need to look into the deeper issues, hard decisions instead of cosmetic remedies in respect of the State Public Sector in the interest of the economy of the State. He added that the State Govt. must deal firmly with the problems of excess staff and that the public enterprises should evolve strategies to stand on their own feet at the earliest. Sri Abhijit Barooah, President FINER spoke on the urgency of consensus building, quick implementation of decisions, quality management through placement of right person in right place with reasonable tenure & autonomy, ensuring accountability, financial support from the Govt. for carrying-out promotional activities by the public sector, human resource development, introduction of MOU with reward & punishment provisions and special steps required to step-up the morale of the employees of the public sector by paying salaries. He suggested a three years fixed tenure for Chief Executives, who should be selected from young talented persons from within PSUs or the private sector. He wanted adoption of the CMD concept of Central PSUs. If this was not possible, only Departmental Ministers or Commissioners should be made Chairpersons to avoid too many power centers. He also advised that National Renewal fund be availed of for the State Public Sector. Sri Jatin Hazarika (IAS-Retd.) while accusing the past frequently changing Govt. policies leading to the catastrophic state of affairs in the public sector, autonomy given to the enterprises without accountability, suggested that in view of the financial constraints of the State Govt., categorization should be made and revival of the feasible units at least costs should be done, keeping the liberalized economy in view. He added the need of perspective planning at the level of the Enterprises and selection of suitable personnel through the Public Enterprises Selection Board to head the management of the Enterprises. Prof. Dilip Baruah, Ex-Principal, Cotton College called-for strong political & public will, zero-based budgeting and deplored the lack of accountability in the State public sector. Sri Shantikam Hazarika, Director, Assam Institute of Management viewed that the issues for consideration in respect of the State Level Public Enterprises were identified long back and many times, but for want of adoption of remedial steps, the scenario did not change, rather deteriorated. He emphasized adoption of special steps in human resource development, stationing of Chief Executives at plant-site, sect oral approach in respect of recruitment for the State Level Public Enterprises to avoid demographic imbalance, conversion of Enterprises with promotional roles to societies, merger of textile plants and freeing the Enterprises from Govt. control having multiple authorities. Sri Khanin Das of PSU Employees’ Union pleaded for implementation of suggestions made by the speakers, especially on identification of viable & unviable units, reasonable tenure of Chief Executives, introduction of concept of Chairman-cum-Managing Director, workers’ participation in management, training of employees, elimination of corruption and to pay salary dues to the employees of the State Level Public Enterprises, which fell into arrears as high as 70 months. Sri Jiten Duarah, General Secretary, INTUC, Assam Branch stressed on time bound implementation of decisions, clearing arrear dues of salaries to the employees of the State Level Public Enterprises and ensuring security of assets of the Enterprises. Sri Pradip Kr. Neog, General Secretary of Committee for struggle to revive Public Sector Undertakings demanded that the concept of Chairman-cum-Managing Director should be introduced with enforcement of accountability, that political persons should not be appointed as Chairpersons in the State Public Enterprises or at the most, the Departmental Ministers or Officers be appointed as Chairpersons, that expertise should be developed in public sector management, that the Govt. should pay salaries to the employees of the public sector undertakings, and that non-lapsable pool fund and National Renewal fund should be availed of for the State public sector. He added that they appreciate the steps taken in respect of Assam State Transport Corporation.

The followings emerged from discussions on issues for consideration:

Srl Issues & Recommendations of PE Deptt. Recommendations of the meeting
1

HUMAN RESOURCE ISSUES

  i

Freeze further recruitment

To avoid demographic imbalance and at the same time to ensure that the existing employees are fully utilized & unnecessary human strength with long-term liability are not created, a recruitment policy should be framed by the PE Department.

Ii

Create a ‘Central Pool’ from excess staff of present SLPEs for the purpose of any further recruitment or filling up of vacant posts in existing SLPEs

The recommendation of the PE Department was endorsed. The administrative departments to feed data on excess staff & requirements to PE Department

iii

Take up VRS in SLPEs to be revived

The recommendation of the PE Department was endorsed. The PE Department to formulate a VRS policy

2

FINANCIAL ISSUES

  i

Closure of SLPEs that are neither capable of being privatized nor being revived

The recommendation of the PE Department was endorsed. The administrative Departments to take actions

ii

Privatization of SLPEs that cannot or are not required to be revived. Merits of the GOI’s policy of full privatization or partial disinvestments vis-à-vis the State Government’s policy of handing over of SLPEs on lease to be examined with respect to following issues-

  • Zero liability handover to lease holders
  • Stake of lease holders in the leased SLPEs
  • Asset stripping by unscrupulous fly-by-night operators

The recommendation of the PE Department was endorsed. The PE Department should formulate a disinvestments policy and the administrative Departments to take actions.

iii

Creating a ‘Fund’ for payment of liabilities in respect of SLPEs that are to be privatized and for paying working capital margin money and other requirement for SLPEs to be revived.

The recommendation of the PE Department was endorsed. The Finance Department to be fed with details by the administrative departments, for taking necessary actions.

iv

Time bound steps to be taken for recovery of dues to the SLPEs.

The recommendation of the PE Department was endorsed. The SLPEs to take steps and the administrative Departments to monitor.

v

State Government dues to the SLPEs to be paid up immediately.

The recommendation of the PE Department was endorsed. The administrative Departments to take necessary steps.

3

MANAGEMENT ISSUES

  i

Bring in professionalism into the SLPEs

The recommendation of the PE Department was endorsed. The administrative Departments to note & act.

ii

Introduce the concept of CMD in SLPEs, at least the sick ones that are sought to be revived

The recommendation of the PE Department was endorsed. The administrative Departments to note & act.

iii

Public Enterprise Selection Board should be always involved in the selection of Chief Executives

The recommendation of the PE Department was endorsed. The administrative Departments to ensure.

iv Tenure of Chief Executives should be fixed
  • The term can be 3 years
  • They should not be removed except in cases where specific allegations are made against them, they are given an opportunity to show cause and with the prior approval of the Public Enterprises Selection Board

The recommendation of the PE Department was endorsed. The administrative Departments to ensure.

v

Participation of workers in Board of SLPEs

The recommendation of the PE Department was endorsed. The administrative Departments to ensure.

vi

Participation of interest groups in ‘Consultative Committees’ of an advisory nature created for each SLPEs.

The recommendation of the PE Department was endorsed. The administrative Departments & SLPEs to ensure.

4

ACCOUNTABILITY ISSUES

  i

Introduce bottom-up accountability structures through interalia, workers participation and interest group involvement

The recommendation of the PE Department was endorsed. The administrative Departments & SLPEs to ensure.

ii

Introduce institutional mechanisms for anchoring PSU policies to institutional goals

The recommendation of the PE Department was endorsed. The administrative Departments to ensure.

iii Bring in transparency

  • PSU documents, as determined, should be available to public on nominal payments
  • Agenda notes and Board decisions of each PSU can be placed on an internet site for public information

The recommendation of the PE Department was endorsed. The administrative Departments & SLPEs to ensure.

iv Audit to be expedited

  • A small pool of auditors can be maintained and funded by the Finance Department for requirement of SLPEs

The recommendation of the PE Department was endorsed. The Finance Department to take actions.

5

ROLE OF SLPEs

  i

PSUs providing social services/benefits should be suitably compensated to keep their viability intact

The recommendation of the PE Department was endorsed. The administrative Departments to act.

ii

SLPEs having similar objectives should be merged

The recommendation of the PE Department was endorsed. The administrative Departments to act.

6

ARREAR IN FINALISATION OF ACCOUNTS

  i

Special drive to clear arrear in finalization of accounts should be taken-up to avoid penalization as well as to determine the health of the SLPEs for adopting any reform process.

The recommendation of the PE Department was endorsed.

  ENTERPRISE-WISE DISCUSSIONS ON RECOMMENDATIONS OF THE PUBLIC ENTERPRISES DEPARTMENT

 

The Enterprise-wise discussions followed thereafter. The Commissioner & Secretary, Department of Public Enterprises projected the important performance parameters in respect of Assam State Electricity Board and Assam State Transport Corporation for the last few years as available with the Public Enterprises Department and also the recommendations of the Department of Public Enterprises, based on the review conducted by it in July/August 2001, of all the Enterprises, one by one through slides. Respective administrative departments / State Level Public Enterprises will have to work on the recommendations of the meeting

Srl. Enter prise Recommendation of Deptt. of PE Brief on deliberations Recommendation of the meeting
1 Assam State Electricity Board

Reform measures initiated. In order to reverse the increasing losing trend of ASEB, emphasis should be given to :

  • Reduce T & D losses by arresting pilferage

  • Increase self generation including BTPS
  • Reduce import of costly power
  • Implement Karbi Langpi HEP (100 MW) & Lakwa Waste Heat project (38 MW) expeditiously.

Huge gap between revenue & expenditure has affected ASEB. Recent steps have improved overall position slightly. Reduction in cash losses of Rs. 33 Crore achieved in 4 months. Economy in power purchase exercised. Past dues on power purchase to the extent of Rs. 20 Crore settled. 3 circles have been taken-up under APDP programme. Huge investment required to modernize transmission & distribution net-work with age-old 40,000 circuit KMs. Huge investment is required in BTPS, where the system has degraded. Proposal for fund from NTPC / GOI planned. With Govt. support, Karbi-Langpi HEP is expected to be commissioned in 2 years. Inadequate availability of natural gas has resulted under utilization of LTPS and hence feasibility of Lakwa Waste heat project has become doubtful. Dialogue with ADB initiated and Assam Power Sector loan expected next year. Huge

  • T & D losses to be reduced by arresting pilferage and system to be improved.
  • Examine possibilities of increasing capacity utilization of BTPS
  • Examine economics of importing power from Eastern grid.
  • Expedite Karbi-Langpi HEP
  • Examine feasibility of waste heat power project in LTPS
2 Assam State Transport Corpn

Reform measures initiated. The emphasis should be on reducing staff / bus ratio, improving fleet utilization, and adherence to the norms of maintenance & operating costs and enhancing earning as facilitator.

The statutory dues have risen to Rs. 105 Crore. Recent steps have increased revenue earning, reduction in bus : staff ratio to 1 : 20, improvement in fleet utilization to 65% & load factor to 59%, but these are far away from National average.

  • Improve fleet utilization
  • Reduce Bus : Staff ratio
  • Reduce O & M cost
  • Utilize assets for commercial purposes and by drawing-up MOU with ATDC
3 Assam Urban Water Supply & Sewerage Board

With present level & quality of performance, viability does not exist. Continuance of Corporation to be considered along with transfer of works to other agencies.

Turnover increasing. Steps taken were metering connections, reducing O&M costs by 10%, downsizing by reversion of deputationists. Self-sustaining status expected in next 4 years. Currently, works undertaken by focusing fund availability. The institutional loan liabilities may be converted to Bonds.

  • Performance to be improved
  • If performance does not improve in reasonable time, transfer of works to other agencies to be decided.
4 STATFED

Unviable, as sustaining level of Turn-over is not achievable and require huge investment. Even after shedding off surplus staff, the BE turnover may not come down to an achievable level, the margin of profit being too low. The Federation should shed staff and put in stress to earn from its plants.

Preparing revival plan, staff strength has reduced from 1816 to 1700, Rs. 1.22 Crore earmarked for VRS against requirement of Rs.31 Crore, Vanaspati & Mustard oil plants restarted with private sector participation, wherefrom salary of 350 employees of the plants are realized. Business expansion possible with supply orders from Social Welfare, Police etc. deptts. With its 790 go-downs, decentralized procurement scheme can be implemented for 1.5 Lakh MT of paddy in khariff season. With these and VRS of 500 employees, the enterprise can be revived. The Govt. is needed to settle dues to FIs. Against statutory dues of Rs 18 Crore, receivable from Govt. deptts. is Rs. 16 Crore. The asset is valued at Rs. 82 Crore. NCDC will finance scheme on food storage.

  • Increase business, for which SW, Police etc. deptts. should procure their requirements of food staff etc. from STATFED.
  • Should tie-up with ASWC for decentralized pro-curement scheme
  • Implement VRS to shed-off surplus staff
  • Activate production units for maximum benefits
5 Assam Govt. Marketing Corpn. Ltd

Can be revived provided

  • Loss making Emporiums to be closed and VRS effected.
  • "Revolving fund" to be created for providing working capital which is protected from revenue demands.
  • To also take up marketing through franchise with other agencies.

Recommendation of PE Deptt. agreed to. Steps taken for closure of unviable outlets. Rs 2 Crore assistance from GOI for restructuring & revival sought. Down-sizing planned. State Govt. may extend facilities like ED exemption, transport subsidy, purchase by Govt. deptts. etc. without going through tender formalities.

  • Loss making Emporiums to be closed and VRS effected.
  • "Revolving fund" to be created for providing working capital which is protected from revenue demands.
  • To also take up marketing through franchise with other agencies.
6 ARTFED

Production base need to be increased

Recommendation of PE Deptt. agreed to. Working capital blocked at Govt. level. State Govt. may help in diversification

  • Diversify
  • Build-up reserve fund
7 Assam State Ware housing Corpn

Good potential exists

Enterprise with good performance

  • Exploit further potentials
8 Assam Gas Co. Ltd

Good scopes to develop further exists.

Enterprise with very good performance

  • Exploit further potentials
9 Assam Plains Tribes Dev. Corpn. Ltd

Can not operate with economic viability – Needs to be merged with enterprises with similar activities along with strengthened corporate activity and / or transferred to Govt. or converted to Dev. Boards, to be subsidized by the Govt.

These Corporations are channelizing funds from Central PSUs for socio-economic development of weaker sections of the society. Since such funds cannot be availed of by Govt. deptts., these Corporations will have to exist either as Corporations or societies etc. However possibilities of merger of the Corporations set-up for different target groups can be considered for obtaining economy in operations.

  • Examine feasibility of merger.
10 Assam State Dev. Corpn. for S.C. Ltd

11

Assam State Dev. Corpn. for OBC Ltd

12

Assam Minorities Dev.& Finance Corp. Ltd.

Cannot operate with economic viability – Needs to be merged with enterprises with similar activities along with strengthened corporate activity and / or transferred to Govt. or converted to Dev. Boards, to be subsidized by the Govt.

With infrastructure of Minority Dev. Board availed of, there is no establishment cost in it. The recovery position is not so bad considering its age and period of implementation of schemes.

  • Recommendation of PE Deptt. withdrawn
  • Intensify recovery
13 Assam Industrial Dev. Corpn. Ltd

CRISIL study recommendations on restructuring needs to be examined. The enterprise must put in vigorous drive to recover dues, for which close monitoring of the units financed & provision of required assistance will be necessary

CRISIL study recommendations examined and forwarded to the Govt. Recovery from units with good performance is good, but units like in hotel industry sector etc. are not so. Take-over and sell of defaulting units going on. OTS required to deal with dues to IDBI and this is under discussion. While subsidiaries like APCL, Prag-Bosimi are income generating for AIDC, others are liabilities. These are required to be revived to profitable ventures. VRS implemented.

  • Restructure
  • Intensify recovery
  • Settle dues to IDBI
  • Revive viable subsidiaries
  • Implement VRS
14 Assam Small Industries Dev. Corpn. Ltd.

Can be revived provided :

  • Working capital through "revolving fund" is provided to increase production of Ayurvedic unit
  • VRS is done or staff transferred to Infrastructure Development Corporation.
  • Two closed units wound up
  • Recovery increased
  • APSP Act enforced

CTI, Badarpur & MSF, Bijni have been closed. Working capital of Rs. 10 Lakh required to increase capacity utilization in AAP. APSP Act needs to be enforced in its right spirit, which is flouted by many deptts. Preparatory steps for VRS to be worked-out and fund provided. Transfer of excess staff to Infrastructure Dev.Corpn. not possible as this is manned by employees of Directorate of Industries and salaries paid from Industry’s budget. Response from DCs / SDOs in bakijai cases poor.

  • Fund VRS
  • The Finance deptt. to examine the bakijai process for all SLPEs involved with it.
  • Enforce APSP Act actively.
  • Working Capital through "Revolving fund" to be provided to increase production of the Ayurvedic unit.
15 Assam Financial Corporation

Restructuring and re-capitalization proposal submitted to Govt. of India to be pursued. Vigorous drive to realize dues is necessary, for which close level monitoring of the units financed and provision of required assistance will have to be ensured.

Receivable has risen to Rs. 156 Crore. Units financed like even Ashok Brahmaputra is in default. Many units financed are closed / not functioning. Full fledged bakijai officers required. Restructuring proposal pending with GOI. Other options are conversion of bonds/loans to shares with waiver of interest and merger with NEDFI

  • Work-out necessary plans to intensify recovery
  • Pursue restructuring proposal pending with GOI
16 Assam Hills Small Industries Dev. Corpn. Ltd

Can be revived provided :

  • Capacity utilization of Cytronella and mustard oil unit is increased – Cytronella cultivation is increased
  • Marketing for fruit processing unit improved
  • Working capital in the shape of "revolving fund" provided
  • VRS effect

Due to non-availability of full fledged MD, works suffer. Steps to revive the Corpn. were taken-up earlier and funds were provided. It has scopes to diversify to ginger dehydration, oil extraction; food processing; cold storage etc. for which subsidies are available from Central Govt. Assistance of Director of Industries may be taken in this respect. The joint sector cement plant in which the Corpn. invested is yet to start production. It was reported that the Company invested Rs.90 Lakh in road building, which the District Council was supposed to re-immberse. Due to fund crunch, production has not started

  • Increase Capacity utilization of Cytronella and mustard oil units & of Cytronella cultivation
  • Improve marketing of fruit processing unit
  • Working capital in the shape of "revolving fund" to be provided
  • VRS to be affected
  • To diversify
  • Assist the joint sector to overcome difficulties
17 Assam State Film (Fin & Dev) Corpn. Ltd.

Professional management should be ensured

It is improving its performance

  • Ensure Professional management.
18 Assam Khadi & Village Industries Board

Economics in activities can not be achieved. Financial position can be improved provided

  • It is subsidized by Govt. acknowledging its promotional role in social interest
  • Govt. guarantees provided for availing funds from Khadi Commission
  • Working capital in the shape of "revolving fund" provided by Govt.
  • VRS of excess staff

No discussions made, as it is de-listed from SLPEs

-
19 Assam Tourism Development. Corpn. Ltd

Scopes are available to turn corner with professional management

Recommendation of PE Deptt. agreed to. It has tremendous prospects with private sector participation to create employment potential. For professional management, BODs has decided to hire media professional to market the State. DI also offered training facilities outside State. There are receivables from the Directorate of Tourism

  • Promote through management contract and other arrangements with private parties.
  • Professionalize through HRD
20 Assam Agro Industries. Dev. Corpn. Ltd

Financial position can be improved provided :

  • Business is increased in bio-fertilizer & trading in IFFCO fertilizer and power tillers
  • Agri implements manufacturing capacity increased from present 1/6th capacity
  • "Revolving fund" for working capital created
  • VRS affected
  • Cabinet decision on purchase implemented

Recommendation of PE Deptt. agreed to. Resource constraints have inhibited clearance of Govt. dues. If even 25 % of the undisputed amount can be given, for which plan support is necessary, this will be utilized as revolving working capital to bring it back to rail. All other Govt. deptts. and agencies should honour the Cabinet decision in procuring their requirements of agricultural implements / inputs from AAIDC. Fund for VRS sought for Plan.

  • Agril deptt. to release at least 25% of undisputed dues immediately to enable AAIDC to utilize the same as revolving working capital
  • All Deptts./Govt. agencies should honour the Cabinet decision in procuring their requirements of agril. implements / inputs from AAIDC
  • Fund VRS
  • Increase production
21 Assam Seeds Corpn. Ltd

Viability can be achieved provided

  • Working capital in form of "Revolving Fund" is provided
  • VRS affected
  • Farms privatized
  • Local taxes made competitive

Recommendation of PE Deptt. agreed to. Resource constraints have inhibited clearance of Govt. dues. If even 25 % of the undisputed amount can be given, for which plan support is necessary, this will be utilized as revolving working capital to bring it back to rail.

  • Agril deptt. to release at least 25% of undisputed dues immediately to enable ASC to utilize the same as revolving working capital

  • VRS to be affected
  • Privatize farms

  • Make local taxes competitive

22 Assam Fisheries Dev. Corpn. Ltd

Can be revived provided :

  • VRS done
  • More Govt. beels are allotted to the Corporation
  • Other fisheries development schemes are taken

Recommendation of PE Deptt. agreed to. The Corpn. has improved its performance – VRS funded from own source, salaries paid and statutory dues & receivables are low.

  • VRS to be continued
  • Allot more Govt. beels to the Corporation
  • Take-up other fisheries development schemes
23 Assam State Minor Irrigation Dev. Corpn. Ltd.

High power Committee appointed to examine Central Task force report on Agriculture economy recommending actions for creation of ground water wing of Irrigation Deptt. by merger of ASMIDC. Pending a decision on this financial position, can be improved provided

  • "Revolving Fund" for works is created
  • 1st preference is given for STWs under Govt. schemes
  • Crash recovery programme taken up
  • Ad-valorem fees are waived

The Committee for struggle to revive PSUs demanded creation of a Ground water wing in Irrigation Deptt. and merger of ASMIDC with it. A high level Committee appointed by the Govt. examined this matter and recommended that merger was not feasible. As per the High Level Committee’s recommendation, other departments were asked by Personnel deptt. to absorb employees of ASMIDC, but the response was not encouraging. The Irrigation Deptt. is working-out vacancy positions and will move a proposal for absorption of some employees of ASMIDC, even by creating personal posts. In view of arrear in payment of salary for 41 months, it would be difficult to create "Revolving fund" for works. Agreed that 1st preference for STW under Govt. scheme is given to ASMIDC. Recovery has faced a set-back due to declaration of exemption on agril. Loan of Rs.10,000/- earlier and fund crunch to pay ad-valorem fees.

  • Finance deptt. to examine the proposal of exempting ad-valorem fees and appointment of Irrigation officers as bakijai officers
  • Recovery programmes to continue
  • Initiatives of the Corpn. essential for getting works
  • Gradual closure of the Corpn. inevitable
24 Assam Livestock & Poultry Dev. Corpn. Ltd

Can be viable provided :

  • Projects at hand are completed expeditiously
  • VRS done
  • Recovery position improved
  • Private sector participation in managing units is considered

Recommendation of PE Deptt. agreed to. Seven food processing projects remain incomplete for want of fund. These projects will be run with private partners. The matter of release of Rs. 5 Crore under RIDF is pending with Finance Deptt.. The no. of employees has reduced to 85 from 117, due to discontinuance of casual employees. Receivables to the extent of Rs. 15 Lakh realized to meet 2 months salary.

  • Finance Deptt. to clear the matter of release of fund immediately.
  • Complete projects in hand expeditiously & manage these with private sector participation
  • Intensify recovery
  • Get more funds from GOI

25 Assam State Textile Corpn. Ltd

Should be put up for complete disinvestment and squaring up liabilities.

Recommendation of PE Deptt. agreed to. The mill is not handed over with transfer of shares during last 9 years, though it was handed-over for management by a private party. Liability to FIs is standing on the way. The mill is now closed for last 3 months and power disconnected. There is no dearth of market and orders for 2000 bales are in hand. Demand from handloom sector is also there. Demand for the winter season will also be there. Immediate need is Rs. 100 lakh for meeting salary, statutory dues and working capital need. For want of ownership, the private party cannot raise bank loan. The representative of INTUC demanded immediate sorting-out of the problems. Creation of pool fund from dividend of other companies / disinvestments process was suggested. On 6.8.02, in a meeting of Deptt. of IPP of GOI, availability of scopes of one time grant for revival of sick industries was noted. The Director of Industries to take it up with Finance Deptt. immediately.

  • Make OTS on liability to FIs and hand-over the mill by transfer of shares.
  • DI to take up the matter on one time grant for revival of sick industries under programme of Deptt. of IPP of GOI.
  • Finance Department should consider creating a pool fund from dividends / realization from disinvestments process for funding revival of viable enterprises.
26 Assam State Weaving & Mfg. Co. Ltd

Should be put up for complete disinvestment and squaring up liabilities

Recommendation of PE Deptt. agreed to. It is in process. The feasibility & economics of amalgamation of textile units of the State under public sector to be examined.

  • Square-up liabilities & disinvest
  • Examine economics and feasibility of amalgamation of textile units in public sector.
27 Assam Tea Corpn. Ltd

Empowered Committee recomm-ended partial dis-investment, alternatively long term lease, alternatively outright sale of the gardens. This should be considered for decision. The Revenue Deptt. should finalize the long pending matter on Bidyanagar TE urgently.

The disinvestments process has started. Six bids received so far and more are expected. The loan liabilities have risen to Rs. 53 Crore and total liabilities to Rs. 120 Crore meanwhile. As regards Bidyanagar TE, in which ATC incurred loss of Rs. 4.5 Crore, the Revenue Deptt. to take steps to return to original owners as per Court verdict.

  • Disinvestment process to be transparent
  • Revenue Deptt. to settle the case of Bidyanagar TE
28 Cachar Sugar Mill Ltd

No scope of revival. Should be put up for outright sale, even item wise viz. Machinery / Building / Other assets etc., if outright sale is not possible.

Recommendation of PE Deptt. agreed to.

  • Put up for outright sale, even item wise viz. Machinery / Building / Other assets etc., if outright sale is not possible.
29 Assam Spun Silk Mills Ltd.,

The Cost of reviving would be prohibitive. The prime land and assets should be disposed off and liabilities squared up.

Recommendation of PE Deptt. agreed to. The mill had liability of Rs. 9 Crore, was procuring raw-materials from Karnataka and was marketing produce in J&K. OTS to deal with the liability to FIs necessary. The representative from INTUC demanded payment of arrear salary + PF to 391 employees first before deciding disposal. He stressed for security of assets also. Due to scarcity of fund, payment from sale proceeds only will be possible. To fetch better price, valuation of assets should be done after inclusion of the location under notified area for eligibility of various facilities.

  • Include the location under notified area
  • Valuate assets thereafter
  • Dispose-off land and assets and square up liabilities.
30 Ashok Paper Mill (Assam) Ltd

The Govt. should assist in overcoming difficulties to avoid wrong signal for other units to be put up for privatization.

Recommendation of PE Deptt. agreed to. The mill is ready for commissioning since March 2001. ED exemption was awaited. Since GOI rejected the proposal, the lessee will run the mill within 3 months of issue of collateral security by GOA against working capital loan. Their proposal expected shortly. The party has asked EIL to prepare expansion plan by at least 25% to be automatically eligible for ED exemption.

  • Proposal for collateral security to be considered on special footing for immediate starting of the mill.
31 Assam Petrochemicals Ltd

Disinvestments to be considered, keeping long term prospects in view.

The recommendation of PE Deptt. may wait for some time. The market of its entire products has shifted outside State as consumption in the State has reduced. They are diversifying to revival of sick public sector viz. ASFC. Comparatively higher gas price has posed problems for the unit to face competition, which requires political pressurization. They are privatizing allied services like in their school, hospital to reduce employees by 100 nos.

  • Consider disinvestments at appropriate time
  • Implement VRS
  • GOA to plead for reduction of gas price
32 Assam State Fertilizer & Chemicals Ltd

Can be revived with minimum investment and injection of working capital . Disinvestments can also be considered in the future.

Recommendation of PE Deptt. is agreed to that it can be revived with minimum investment. APCL will take-over the unit for its revival.

  • Revive the unit
33 Assam Electronics Dev. Corpn. Ltd

Should reorient its activities away from production and towards promoting IT and providing services. Can be viable provided

  • VRS done
  • Working capital provided as "Revolving fund"

The Enterprise with developmental role need budgetary support, especially for HRD & promotional activities. This is a nodal agency for IT in the State and promoted STP,.ETDC. They have been assigned with a UNDP programme on e-governance, one ISRO project and taking-up activities in telemedicine. They have taken-up production of AC, CTV, UPS under buy-back arrangement with reputed Companies like ONIDA, F & L, Power-pack etc. For project consultancy services in IT, they have deputed Engineers for training in Ahmedabad for earning expertise. Budgetary support is required for continuous up-gradation of human resource. They have got positive response for provision of fund from FIs.

  • Budgetary support needed for HRD etc.
  • Can take-up production activities under buy-back arrangement
  • Consultancy in IT to be taken-up
  • VRS to shed-off surplus staff
34 Assam Polytex Ltd

To ensure that production starts

Liabilities to FIs cleared and the shares have been transferred.

  • Production to start & employees to get salaries
35 Assam Syntex Ltd

The route of disinvestment should be resorted to.

Recommendation of PE Deptt. is agreed to. This is in process.

  • Disinvest
36 Fertichem Ltd

Closure to be considered. The assets should be put to other productive uses to generate income or should be disposed off.

Recommendation of PE Deptt. is agreed to. They have taken steps to convert the area into Industrial Estate. It is in notified area.

  • Assets to be put to other productive uses to generate income or should be disposed off.
37 Assam Conductors & Tubes Ltd

Can be revived with provision of working capital and taking up VRS. Disinvestments can also be considered in the future.

Recommendation of PE Deptt. is agreed to. The machineries are not that obsolete as were thought of. 16 persons submitted for VRS, but fund constraint has posed hindrance. More persons are required to be released and fund is required. They need to diversify and require Working capital of at least Rs. 80 Lakh. They have a court case with claim of Rs. 67 Lakh against supply of raw-materials in the past, of which only Rs. 24 Lakh is arranged. SBI has also preferred their claim of Rs. 80 Lakh. They need about Rs. 3 Crore for WC, VRS & arrear salary of 40 months.

  • Fund VRS
  • Diversify
  • Provide fund for WC

38 Nagaon Co-Operative Sugar Mills Ltd

Can be revived provided :

  • VRS done
  • Sugarcane cultivation promoted in mill zone area
  • Working capital provided through "Revolving Fund"

Recommendation of PE Deptt. is agreed to. They have no captive cultivation of sugarcane. Land holdings in mill zone area being small, they are dependent on Karbi-Anglong/ NC Hills for cane supply in bulk, which is costly. Unless capacity utilization is increased, the mill will continue to incur losses.

  • Promote sugarcane cultivation in mill zone area.
  • Implement VRS
  • Working capital provided through "Revolving fund"
39 Assam Co-Op. Sugar Mills Ltd

Revival scope appears to be bleak. Sale of assets to be considered.

Recommendation of PE Deptt. agreed to. The lease attempt failed. The court case in which it is tied-up will have to be sorted-out.

  • Sort-out court case and sell assets
40 Assam Co-Op. Spinning Mills Ltd

Disinvestments or examination of possibilities of revival through merger with SKKSS may be done.

An MOU was executed for leasing out the mill but its validity expired. The party is however occupying the mill under a Court’s order. Merger with SKKSS is not possible, as SKKSS is already handed-over to a private party.

  • Disinvest
41 Assam Co-Operative Jute Mills Ltd

Needs to be appreciated

Appreciated its performance

  • Explore new avenues for further improvement
42 Assam Polyester Co-Op. Society Ltd

Can be viable with provision of working capital and eligible power / industrial subsidies.

Recommendation of PE Deptt. is agreed to. Though account finalization is in arrear, for want of holding AGM, accounts have been audited by CA up-to 2000-01.As of 31.3.01,the accumulated loss of APOL has risen to Rs. 36.78 Crore. Loan liability of Rs. 8.26 Crore & interest liability of Rs. 29 Crore has been causing huge losses. Current liability has risen to Rs. 6 Crore and CPF dues is Rs. 1.2 Crore for 18 months. Their capacity utilization is below 40 % and require at least 70 % utilization to break-even. The salary is due for 2 months and workers’ have agreed to take 1 months pay to carry-on production for the time being. Immediate requirement is Rs. 1.2 Crore to catch up with the ensuing Puja season. They have mobilized Rs. 65 Lakh from dealers, AIDC etc. They expect refund of Central Excise of Rs. 1.2 Crore, the decision being in favour. This however will take time of about 3 months.

  • OTS for settlement of institutional loan needed immediately.
  • WC support needed
43 Swahid Kushal Konwar Samabay Sutakol

Disinvestments or examination of possibilities of revival through merger with ACSM may be done.

The mill is already handed over to a private party.

  • Ensure production ad payment to employees.
44 Assam Plantation Crop Dev. Corpn. Ltd

Financial position can be improved provided :

  • Welfare oriented schemes, like rehabilitation of jhumias are completely funded by the Govt.
  • Working capital in the form of a "Revolving Fund" is provided for commercial activities
  • Scope of funding from Coffee & Rubber Boards explored.
  • VRS done.

Past wrong policies have resulted in poor performance of the Corpn. Only subsidies are availed of from Coffee & Rubber Boards. Transfer of the Corpn. from Soil Conservation to Hill Areas Deptt. may be considered, as it is engaged primarily in rehabilitation of Jhumiyas.

  • Steps for revival of the Corpn. should be worked-out involving District Councils.
45 Assam State Textbook Production & Publication Corpn. Ltd.

The Corporation is viable. Govt. should clear its dues through adjustment & balance payment or make full payment immediately

Recommendation of PE Deptt. agreed to. This is one of the Corporations performing reasonably well.

  • Govt. to clear its dues through adjustment & balance payment or make full payment immediately
46 Assam Mineral Development. Corpn. Ltd

Disinvestments to be considered

The recommendation was strongly opposed. With the constitution of new BODs and current activities, it has scopes and has roles to play remaining in the public sector. OTS of IDBI dues needed, for which proposal is moved to the Govt.

  • Recommendation of PE Deptt. withdrawn
  • The new BODs of the Corpn. & M&M deptt. to look into the scopes of revival.
  • System of implementing works through Contractors needs review
47 Assam, Govt. Construction Corpn. Ltd

Does not appear to have relevance, as PWD can also deliver the same service. If PWD foresees that AGCC renders irreplaceable services, it will have to assign / ensure allotment of at least the BE volume of works on regular basis. Surplus staff will have to be given VRS.

Recommendation of PE Deptt. agreed to. Out of 365 employees, 200 agrees to adopt VRS. Fund is however not available.

  • PWD to allot work worth Rs. 60 Crore or more annually to the Corpn. for its survival
48 Assam Police Housing Corpn. Ltd

In the long term may not be viable. Can be converted to a civil engineering wing under DGP.

The recommendation of the PE Deptt. is not justified. With Central Govt’s plan to create police housing, Central fund of Rs 25 – 30 Crore will continue to come annually under modernization & up-gradation schemes. With the closure of the Corpn., this fund flow will dry, as creation of such Corporations in all States came-up because of inability of the Police establishment / PWD to deliver service. Direct transfer of Central fund to the DGP, if not to the Corpn. is needed to avoid set-back in progress of work & to fetch more funds. Simplification of procedure of finalization of accounts necessary by reducing number of audits like internal audit by a CA firm and again a Statutory audit by another CA firm, to reduce costs & time.

  • Recommendation of PE Deptt. withdrawn
  • Examine the possibility of direct transfer of fund
  • PE Deptt. to pursue the proposal for simplification of procedure of finalization of accounts.
49 Assam State Housing Board

Having prime land assets it has scope to go for commercial housing schemes. Management will have to be toned up for recovery, rent restructuring etc. Surplus employees will have to removed. Selective privatization of activities / projects to be considered.

Recommendation of PE Deptt. agreed to. Recently, the rental rates have been revised to earn more revenue, disbursement procedures modified, Rs. 20 Crore of fund attempted to be availed from non-lapsable fund, multistoried building construction & implementation of VRS planned

  • Go for commercial housing schemes
  • Tone-up recovery
  • Rent revision to be done periodically
  • Implement VRS to shed-off surplus staff
  • Involve private sector selectively.

In his concluding remark, the Minister, Public Enterprises stated that the suggestions made were noted for obtaining decisions both in respect of individual Enterprises as well as for overall policy formulations for the State Public Sector and that the decisions arrived at will be implemented, to give a new shape to the State’s public sector. He thanked all the participants.

Sri A.K.Das, Adviser (P), Department of Public Enterprises thanked the Hon’ble Ministers, Chairpersons, Distinguished guests, Additional Chief Secretary, Principal Secretaries, Commissioner & Secretaries, Secretaries, Chief Executives for their active participation, which would pave a way for formulating strategies for public sector reform. He also thanked the Media, Administrative Staff College and particularly Assam Gas Company, ARTFED & AMTRON for extending their hands in successful conduct of the meeting.

The meeting ended with vote of thanks to the chair.

 

Sd/- P. K. Chowdhary

Commissioner & Secretary

Department of Public Enterprises

 

Memo No. PE (D) 14/2002/ 20 -A Dated Dispur the 24th September 2002

Copy to : 1. PPS to Chief Minister, Assam, DISPUR

2. PS to Minister / Minister of State (Independent) / Minister of State

……………………………..Department (All admns. Deptts. of SLPEs /PE DISPUR /P&D/Finance Departments )

    1. Staff Officer to the Chief Secretary, Assam, DISPUR
    2. Addl. Chief Secretary & Agril. Production Commissioner, Assam, DISPUR
    3. Principal Secretary / Commissioner & Secretary / Secretary to the Govt. of Assam
    4. ……………………………..Department (All admns. Deptts. of SLPEs

      DISPUR /P&D/Finance Departments )

    5. Secretary to the Govt. of Assam, Irrigation Department, Chandmari, GUWAHATI 781 003
    6. Director of Industries, Assam, Bamunimaidan, GUWAHATI 781 021
    7. Sri / Smti …………………………………………….
    8. …………………………………… ( Distinguished guests who

      ………………………….. were invired)

    9. Chairman
    10. ……………………………………………… (All part-time Chairperson of ………………………………… SLPEs)

      ……………………………

    11. Chairman / Chairman-cum-Managing Director / Managing Director / Executive Director / Chief Executive Officer / Commissioner(All Chief Executives of SLPEs)
    12. ………………………………………………………..

      ………………………………………………

      ………………………………..

    13. Officers of the PE Department present

Adviser (P) / Deputy Adviser (F)/ Junior Economist/ Management Officer (M)

Deputy Secretary / Under Secretary/ Financial Adviser / Statistical Officer

HOUSEFED Complex, DISPUR

By order etc.

 

Sd/- P. K. Chowdhary

Commissioner & Secretary

Department of Public Enterprises

ANNEXURE LIST OF ATTENDANCE
1 Sri Bhubaneswar Kalita Minister, Industry, Commerce & Public Enterprises
2 Dr.(Smt) Hemo Prova Saikia Minister HT & S and Chairman, ARTFED
3 Sri G. C. Langthasa

Minister,Hill Areas, Mines & Minerals and AH & Veterinary and Chairman, ALPCO

4 Dr. Ardhendu Kr. Dey Minister,Agriculture
5 Sri Wazed Ali Choudhury

Minister of State (Ind),Minority Development & Housing and Chairman, AMDFC & ASHB

6 Sri Misbahul Islam Laskar

Minister of State (Ind),Co-operation and Chairman, ACJM & STATFED

7 Dr. Ananda Ram Baruah Minister of State,Industry & Power and Chairman, ASIDC
8 Smti. Ajanta Neog Minister of State,Tourism
9 Sri Hiranya Bora, MLA Chairman, AIDC
10 Sri B.S.Ingleng,MLA Chairman, AMDC
11 Sri PV.Sumant IPS Chairman cum Managing Director, APHC
12 Sri V.Goenka Chairman, ASTCL
13 Sri C.Chaliha Chairman, ASFC
14 Dr. S.B.Medhi Chairman, AFC
15 Sri RC.Baruah Chairman, APOL
16 Sri H.N.Das, IAS (Retd.) Ex-C.S. Geetanagar, Guwahati
17 Sri Jatin Hazarika IAS (Retd.) Ulubari Chariali, Guwahati 781 007
18 Dr. P.K.Choudhuri "Hemkunj", Nabagraha Hill Road, Guwahati 781 004
19 Prof. Dilip Baruah

C/O Mrs. Indira Baruah (Deptt. of Economics), Gauhati University, Jhalukbari, Guwahati 781 014

20 Sri Joy Kanta Sarma "Dainik Asom": Assam Tribune Complex, Guwahati 781 003
21 Sri Adip Phukan Editor. "Pratidin", (Opp: Assam Tribune Complex) Guwahati 781 003
22 Sri Shantikam Hazarika Director, Assam Institute of Management, Red-Cross Road, Chandmari, Guwahati 781 003
23 Sri Ahijit Barooah

President FINER : Swahid Dilip Chakrabarty Path (Behind Ice Factory), RGB Road, Guwahati 781 005

24 Sri Jiten Duarah

General Secretary, INTUC (Assam Branch), Paltanbazar, Guwahati 781 008

25 Sri Khanin Das (PSU Employees Union), Chenikuthi, Silpukhuri (Nabagraha side Path) Guwahati 781 003
26 Sri Pradip Kr.Neog Committee for struggle to revive PSUs, Office of AMTRON Workers’ Union, Bamunimaidan, Guwahati 781 021
27 Sri Surya Kanta Choudhuri Committee for struggle to revive PSUs, Office of AMTRON Workers’ Union, Bamunimaidan, Guwahati 781 021
28 Sri Nripen Gogoi Committee for struggle to revive PSUs, Office of AMTRON Workers’ Union, Bamunimaidan, Guwahati 781 021
29 Sri Dhiraj Das Committee for struggle to revive PSUs, Office of AMTRON Workers’ Union, Bamunimaidan, Guwahati 781 021
30 Sri J.P.Rajkhowa IAS Addl. Chief Secretary & APC
31 Sri P.C.Sharma IAS Principal Secretary, Transport
32 Kumari P.D.Das IAS Principal Secretary, Mines & Minerals
33 Sri J.Khosla IAS Chairman, ASEB and Commissioner & Secretary, Power
34 Smti E.Chowdhary IAS Commissioner & Secretary, Tourism
35 Sri P.K.Chowdhary IAS Commissioner & Secretary, Public Enterprises, Urban Dev, & Housing
36 Sri S.C.Das IAS Commissioner & Secretary, P & D and Industries & Commerce
37 Sri R.K.Bora IAS Commissioner & Secretary, Finance
38 Smti T.Y.Das IAS Commissioner & Secretary, Hill Areas
39 K.D.Tripathy IAS

Commissioner & Secretary Agriculture, WPT &BC, Co-operation, Fisheries and Chairman AAIDC

40 Sri B.Dutta IAS Secretary, HTS
41 Sri A. Sengupta IAS Secretary, Minority Welfare Dev.
42 Sri K.Bezbaruah Secretary, PWD
43 Sri A.K.Das Secretary, Irrigation
44 Sri P.Barthakur IAS Director, Industries and Chairman ASCON
45 Sri P.K.Gogoi Managing Director, AAIDC
46 Sri S.S.Dey Managing Director, ASC
47 Sri D.Rajbangshi Managing Director, AF(FD)CL
48 Sri RK.Talukdar Managing Director, ASTP&PCL
49 Sri S.Barua Managing Director, AFDC
50 Sri D.Chakrabarty Secretary, ASHIDC
51 Smti R.Kalita Managing Director, AGMC
52 Sri B.C.Nath Managing Director, FERTICHEM & CSM
53 Sri H.N.Bora Managing Director, ASIDC and ASHB
54 Dr. B.K.Das Managing Director, ASCON
55 Sri M.K.Das Managing Director, ASWMCL, ASL
56 Sri R.L.Mazumdar General Manager, AMTRON
57 Sri B.Das Managing Director, ASSM
58 Sri H.K.Sarma

Managing Director, ATC, AIDC and Chairman FERTICHEM, APM,ASWMC,AEDC,ASL

59 Sri K.L.N Rao Managing Director, APCL
60 Sri N.C.Gogoi Dy.GM, AGCL
61 Sri J.N.Dewri Chief Executive, ASFC
62 Sri G.Baruah Managing Director, APM
63 Sri A.Chakrabarty Managing Director, ASMIDC
64 Sri S.I.Zaman Managing Director, AMDC
65 Sri B.K.Das Managing Director, AGCC
66 Sri B.Konwar Managing Director, APCDC
67 Sri D.Baruah Managing Director, ATDC
68 Dr. M.Bora Managing Director, ALPCO
69 Dr.A.K.Roy Managing Director, APTDC
70 Sri A.Hussain Managing Director, ASDC for SC
71 Sri B.Hazarika Managing Director, ASDC for OBC
72 Sri J.C.Choudhury Managing Director, AMDFC
73 Sri R.C.Jain Managing Director, ASTC
74 Sri S.Thadou Managing Director, AFC
75 Sri D.Goswami Managing Director, ASWC
76 Sri A.Dutta Managing Director, AUWS&SB
77 Sri B.N.Das Chief Executive Officer, AKVIB
78 Sri K.Goswami Managing Director, NCSM
79 Sri N.I.Sarkar Managing Director, ACJM
80 Sri P.Sabhapandit Managing Director, ACSM (Sugar)
81 Sri J.N.Saikia Managing Director, SKKSS
82 Sri A.Sharma Managing Director, APOL
83 Sri C.K.Sarma Managing Director, STATFED
84 Sri V.Carpenter Managing Director, ACSM (Spinning)
85 Sri N.N.RanPatgiri Managing Director, ARTFED
86 Sri A.K.Das Adviser (P), PE Department
87 Sri P.K.Das Dy.Adviser (F) PE Department
88 Sri N.Islam Dy. Secretary, PE Department
89 Smti P.Devi Jr.Economist PE Department
90 Sri A.Goswami Management Officer (M) PE Department
91 Sri K.K.Kalita Statistical Officer, PE Department
92 Sri C.S.Teron FA, PE Department
93 Sri C.K.Mudoi Under Secretary, PE Department
 

GROUPWISE REVIEW ON THE PROGRESS OF IMPLEMENTATION OF THE RECOMMENDATIONS OF THE MEETING HELD ON 20-08-2002
ENTERPRISES ADMINISTRATIVE DEPARTMENTS
TO BE REVIVED
1 Assam State Fertilizer & Chemicals Ltd Industries
2 Assam Conductors & Tubes Ltd
3 Assam Polyester Co-op. Society Ltd Co-operation
4 Assam Govt. Construction Corpn. Ltd Public Works
5 Assam Mineral Dev. Corpn. Ltd Mines & Minerals
6 Assam Plantation Crop Dev. Corpn. Ltd Soil Conservation
IN PUBLIC UTILITY & BASIC NEED SERVICES
1 Assam Urban Water Supply & Sewerage Board Urban Dev. & Housing
2 Assam State Housing Board
IMPROVING – TO BE ASSISTED
1 Assam Tourism Dev. Corpn. Ltd Tourism
2 Assam Fisheries Dev. Corpn. Ltd Fisheries
3 Assam State Film(Fin & Dev)Corp Ltd Cultural Affairs
4 Assam Police Housing Corpn. Ltd Home
5 Assam Electronics Dev. Corpn. Ltd Industries
WITH HUGE RECEIVABLES FROM THE GOVT.
1 Assam Agro-Industries Dev. Corp Ltd Agriculture
2 Assam Seeds Corpn. Ltd
3 STATFED Co-operation
4 Assam State Textbook Prod & Publ. Corp Ltd Education
5 Assam Livestock & Poultry Corpn. Ltd AH & Veterinary
NEEDING WORKING CAPITAL AS REVOLVOING FUND
1 Assam Govt. Marketing Corpn. Ltd HT & S
2 Nagaon Co-operative Sugar Mills Ltd Co-operation
3 Assam Small Industries Dev. Corp. Ltd Industries
4 Assam Hills Small Ind. Dev. Corp. Ltd Hill Areas
RECOMMENDED FOR MERGER & WITH RECOVERY IN ARREARS
1 Assam Plains Tribes Dev. Corpn. Ltd WPT & BC
2 Assam State Dev. Corp. for SC Ltd
3 Assam State Dev. Corp. for OBC Ltd
WITH RECOVERY IN ARREARS FROM BENEFICIERIES
1 Assam State Minor Irrigation Dev. Corp Ltd Irrigation
2 Assam Minorities Dev & Fin. Corp Ltd Welfare of Minorities
TO PROMOTE SETTING-UP OF INDUSTRIES & WITH RECOVERY IN ARREARS
1 Assam Industrial Dev. Corpn. Ltd Industries
2 Assam Financial Corporation Finance
TO BE CLOSED & SOLD OUT
1 Cachar Sugar Mills Ltd Industries
2 Assam Spun Silk Mills Ltd
3 Fertichem Ltd
4 Assam Co-operative Sugar Mills Ltd Co-operation
PERFORMING WELL – TO BE IMPROVED FURTHER
1 Assam Gas Company Ltd Industries
2 Assam Petrochemicals Ltd
3 Assam Co-operative Jute Mills Ltd Co-operation
4 Assam State Warehousing Corporation
5 ARTFED HT & S
MAJOR
1 Assam State Electricity Board Power
2 Assam State Transport Corporation Transport
TO BE DISINVESTED
1 Assam State Textile Corpn. Ltd Industries
2 Assam State Weaving & Mfg. Co. Ltd
3 Assam Syntex Ltd
4 Assam Tea Corpn. Ltd
5 Assam Co-operative Spinning Mills Ltd Co-operation
LEASED-OUT
1 Ashok Paper Mills (Assam) Ltd Industries
2 Swahid Kushal Konwar Samabay Sutakal Ltd Co-operation

Published by the Department of Public Enterprises, Government of Assam
Designed by National Informatics Centre, Assam State Centre, Guwahati