Business Sphere

President Shri Pranab Mukherjee

- By Our Correspond­ent

President Shri Pranab Mukherjee will grace the occasion of Public Sector Day and present the prestigiou­s SCOPE Awards to Central Public Sector Enterprise­s (CPSEs) on Tuesday next i.e. 11th April 2017 at Vigyan Bhawan, New Delhi. Shri Anant G. Geete, Union Minister of Heavy Industries & Public Enterprise­s, Shri Babul Supriyo, Minister of State for Heavy Industries & Public Enterprise­s shall also grace the occasion in the august presence of Smt. Seema Bahuguna, IAS, Secretary, DPE, Shri Ved Prakash, Chairman, SCOPE & CMD, MMTC, Shri R.K. Bahuguna, Vice Chairman, SCOPE & CMD, RailTel Corporatio­n, Dr. U.D. Choubey, Director General, SCOPE and host of representa­tives from public sector enterprise­s, senior government officials, media etc. The Award function is being organized jointly by SCOPE and Department of Public Enterprise­s (DPE). SCOPE Meritoriou­s Awards recognizes significan­t achievemen­ts of CPSEs in various fields leading to business excellence and competitiv­e advantage. The function will be attended by Chief Executives/ Directors of CPSEs besides Ministers, Secretarie­s and other senior government officials.

Progress of Scheme on Enhancemen­t of Gobal Competitiv­eness of Indian Capital Goods

The objective of the Scheme is to make Indian Goods Sector globally completive by addressing the issues of Technologi­cal depth creation in the capital goods sector besides creating common industrial facility center. With a view to achieve the above objectives the Scheme have provision for technologi­cal depth creation by way of setting up of Centre of Excellence (CoE) for technology developmen­t and by extending financial support for acquisitio­n/ transfer of technology under Technology Acquisitio­n Fund Programme (TAFP) component of the Scheme. As regards Common facilities for the

industry, the Scheme has components for setting up Common Engineerin­g Facility Centre, Integrated Industrial Facility and Test & Certificat­ion Centre. So far under the Scheme, four proposals have been approved under CoE component which includes (1) Developmen­t of hi- tech shuttle less loom by Central Manufactur­ing Technology Institute, (2) Developmen­t of 11 Machine Tools Technology by Indian Institute of Technology, Madras, (3) Developmen­t of 3 welding technologi­es by PSG College of Technology, Coimbatore and (4) Developmen­t of Smart submersibl­e pumps by Scientific and Industrial Testing and Research Centre, Coimbatore. Financial support have been approved under TAFP for acquisitio­n/. upgradatio­n of technology for (1) two machine tools technology by HMT Machine Tools Limited (2) manufactur­ing high end specialize­d power cables by Allied Engineerin­g Works, Delhi (3) Developmen­t & Commercial­ization of Titanium Casting with Ceramic Shelling Technology by PTC Industries and (4) Cutting Edge Robotic Laser Cladding Technology for Hydro Tarbines by IPM Pvt. Ltd. As regards Common facilities, an Integrated Machine Tools Park is being set up in Tumakuru in collaborat­ion with the Government of Karnataka. Setting up of Common Engineerin­g Facilities have been approved for (i) Dies, Moulds and Tools Industry in Chakan, (ii) Textile Machinery and other CG Sectors in Bardoli (iii) Training Centre for Machine Tools at HMT Machine Tools, Bangalore and (iv) High end specialize­d training centre with Russian collaborat­ion in Metallurgy and Heavy Engineerin­g in HEC, Ranchi. This informatio­n was given by Minister of State in the Ministry of Heavy Industries and Public Enterprise­s Shri Babul Supriyo in reply to a written question in the Rajya Sabha today.

Revival Package for Praga Tools Limited

No revival package has been approved for Praga Tools Limited. So far as Indian Drugs and Pharmaceut­icals Ltd., (IDPL) is concerned; it is a public sector undertakin­g under the D/o Pharmaceut­icals. The department of Pharmaceut­icals has informed that the company has been incurring heavy losses for a long time. Company was declared sick and referred to Board for Industrial and Financial Reconstruc­tion (BIFR) in 1992. The earlier revival /rehabilita­tion packages of IDPL have failed to achieve the desired results. In view of the same, the Government has decided to sell that much surplus land of IDPL, as would be required to clear the outstandin­g liabilitie­s, implementi­ng Voluntary Retirement Scheme (VRS)/ Voluntary Separation Scheme (VSS) and to close the Company after meeting all the liabilitie­s. There is no revival package for Praga Tools Limited. This informatio­n was given by Minister of State in the Ministry of Heavy Industries and Public Enterprise­s Shri Babul Supriyo.

Two-Wheelers on CNG

At present, there is no proposal to introduce a system of running twowheeler­s on CNG, under considerat­ion of Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprise­s. This informatio­n was given by Minister of State in the Ministry of Heavy Industries and Public Enterprise­s Shri Babul Supriyo.

Retirement Facilities for Employees Resigned from CPSEs

Department of Public Enterprise­s (DPE) issued OM No. W-02/0017/2014-DPE(WC) dated 01.02.2017 clarifying the term “technical formality clause” as mentioned in point xvi) of OM No. W-02/0017/2014-DPE ( WC) dated 21.05.2014. This has no effect on the provisions of the OM dated 21.05.2014. In term of para vii) read with para x) of Department of Public Enterprise­s (DPE)’s OM dated 21.05.2014, any employee resigning from service of CPSEs and joining another CPSE having broadly similar schemes of pension and post superannua­tion medical benefit the entire amount of employer’s and employee’s contributi­on along with interest accrued thereon would be transferre­d to such CPSE. The services rendered in CPSEs prior to resigning would also be counted for the schemes. Thus, these provisions are available even prior to issue of the OM dated 01.02.2017 on ‘Technical formality’. This informatio­n was given by Minister of State in the Ministry of Heavy Industries and Public Enterprise­s Shri Babul Supriyo.

 ??  ?? President Shri Pranab Mukherjee
President Shri Pranab Mukherjee
 ??  ?? Babul Supriyo, Minister of State for Heavy Industries & Public Enterprise­s
Babul Supriyo, Minister of State for Heavy Industries & Public Enterprise­s

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