The public sector enterprises have got a lot to cheer about, finally. The state budget for 2007-08 has earmarked Rs 17 crore for revival of the sick PSUs, while more funds are expected to flow in from the state exchequer for modernisation efforts, estimated to cost around Rs 76 crore.
This apart, the government has lined up a new company, to be christened Infrastructure Kerala Ltd, in a bid to aid industrialisation efforts.
Work on setting up of the company, which will have a paid-up capital of Rs 100 crore, is learnt to be in its final stages. While the government will own 26 per cent in the company, the remaining would be with the non-resident Keralites (NRKs).
Monday, March 12, 2007
Kerala earmarks Rs 17cr for sick PSUs` revival
BS reports
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