Technoglitch
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he government is considering shutting down sick Tyre Corporation of India Ltd (TCIL) and a unit of loss-making HMT. However, it has ruled out any divestment in sickpublic sector undertakings (PSUs).
Speaking at a conference on smart manufacturing organised by the Confederation of Indian Industries (CII), Minister for Heavy Industries and Public Enterprises Anant Geete said on Friday that TCIL and a unit of HMT were being considered for closure. However, he did not divulge which unit of HMT was being considered for closure. The minister also said the government had no plans to set up a land bank using surplus land of PSUs.
Govt looks to shut Tyre Corp, HMT arm | Business Standard News
Speaking at a conference on smart manufacturing organised by the Confederation of Indian Industries (CII), Minister for Heavy Industries and Public Enterprises Anant Geete said on Friday that TCIL and a unit of HMT were being considered for closure. However, he did not divulge which unit of HMT was being considered for closure. The minister also said the government had no plans to set up a land bank using surplus land of PSUs.
Govt looks to shut Tyre Corp, HMT arm | Business Standard News
