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Closure of CPSEs in W Bengal - No centralised data on dispoals of assets

By TIOL News Service

NEW DELHI, JULY 15, 2019: As per information available in the Public Enterprises Survey 2017-18 that was laid on the Table of both the Houses of Parliament on 27.12.2018, there are 24 operating Central Public Sector Enterprises (CPSEs) which have their Registered Office in the State of West Bengal as on 31.3.2018.

As per the information available with Department of Public Enterprises (DPE), out of these 24 CPSEs having Registered Office in the State of West Bengal , 5 CPSEs namely Hindustan Cables Limited, Central Inland Water Transport Corporation Ltd., Burn Standard Company Ltd., National Jute Manufactures Corporation Ltd. and Birds Jute and Exports Limited have been approved for closure by the Government.

Department of Public Enterprises, being the nodal Department for all CPSEs, has issued guidelines on 14.6.2018 to all the administrative Ministries/ Departments of CPSEs ontime bound closure of sick / loss making CPSEs and disposal of their movable and immovable assets. As per these guidelines, the administrative Ministry / Department / CPSE in consultation with Land Management Agency (LMA) identifies/ undertakes sale/ transfer of land of CPSE under closure. DPE does not centrally maintain data on disposal of land and other assets of CPSEs and amount realized thereof.

In order to bring in systematic improvement in the functioning of CPSEs, a number of initiatives have been taken by the Government which include, professionalization of Boards of CPSEs, strengthening of Corporate Governance framework, revamping of MoU system for evaluation of performance under result oriented parameters and CAPEX monitoring.

This information was given by the Minister of Heavy Industries & Public Enterprises, Mr Arvind Ganpat Sawant, in a written reply in the Rajya Sabha today.


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