The Central Government has decided to delink the land component of 17, out of the 19 sick public sector undertakings (PSUs) and transfer them to their parent ministries. The Centre had earmarked for time-bound closure back in 2018, mainly due to the delay in disposal of the land held by these state-owned units.
The delinked or transferred land would be used in priority sectors of the government, including investments in key economic sectors and for affordable housing, sources said.
Sources said the heavy industry ministry has prepared a proposal to seek the Union Cabinet’s approval to delink the land from these units and transfer them to the parent ministries, to expedite their disposal.
While the government identified 19 sick PSUs for time-bound closure two years back, till now it has managed to close only two of them, with a backlog existing even from units identified back in 2016, adding on to it.
The Central Government has decided to delink the land component of 17, out of the 19 sick public sector undertakings (PSUs) and transfer them to their parent ministries. The Centre had earmarked for time-bound closure back in 2018, mainly due to the delay in disposal of the land held by these state-owned units.
The delinked or transferred land would be used in priority sectors of the government, including investments in key economic sectors and for affordable housing, sources said.
Sources said the heavy industry ministry has prepared a proposal to seek the Union Cabinet’s approval to delink the land from these units and transfer them to the parent ministries, to expedite their disposal.
While the government identified 19 sick PSUs for time-bound closure two years back, till now it has managed to close only two of them, with a backlog existing even from units identified back in 2016, adding on to it.
