Minister for Finance, Labour & Employment Dr Haseeb Drabu today reviewed the functioning of various Public Sector Undertakings (PSUs) in the State.
The meeting was attended by Principal Secretary Finance, Navin Kumar Choudhary, Commissioner Secretary Industries & Commerce, Shailendra Kumar and Managing Directors of J&K Industries Limited, J&K Minerals Limited, J&K Cements Limited, J&K State Industrial Development Corporation, J&K Small Scale Industries Development Corporation, SICOP and other concerned officers.
During the meeting, the Minister was briefed about the working and the problems confronting these Corporations. The meeting held deliberations on the issues related to each Corporation and also discussed the possible way out to strengthen them to further develop industrial sector in the state.
The Minister also sought details on the projects undertaken by these Corporations and the achievements made so far in turning them into self-reliant commercial units.
The heads of the Corporations also put forth various issues and demands including budgetary support and other necessary assistance from the government.
Addressing the heads of these Corporations, the Minister stressed the need for formulation of effective working plan with adoption of innovative measures for generation of revenue in a better way and to re-double efforts towards making the Corporations more viable.
“The idea of calling this meeting is to understand the issues and to come up with a future plan for overall growth of these Corporations. Government is providing all necessary support in terms of financial help or administrative support, but real responsibility lies with the persons heading these units to transform them into a pure profit earning unit’’, the Minister said.
Terming SICOP and SIDCO as vital units for creation of Industrial Estates in the state, the Minister asked the concerned officers to work with a mission to develop industrial sector and to attract the industrialists for establishing their industrial units in Jammu & Kashmir.
Dr Drabu emphasized on proper utilization of human resource so that the targets are achieved which in turn would help in generating revenue for the Corporations.