Centre will sanction funds for modernisation and diversification of public sector units

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Kottayam: Union Heavy Industries and Public Enterprises Minister Vilasrao Deshmukh has assured that the Centre will sanction funds for modernisation and diversification of public sector units. Addressing a meeting of the employees of Hindustan Newsprint at Velloor near here last evening, Deshmukh said quality of products was important for PSUs to compete with private units as technology changes everyday.

“It is our duty to protect the units through managerial skill and improvement in technology. Unless and until they move fast nothing could take place,” Deshmukh quoted from late Prime Minister Indira Gandhi’s speech in Parliament during the regime of K Karunakaran as Kerala chief minster The former Maharashtra chief minister agreed to sort out the disparity in salary between the employees of Hindustan papers Ltd and Hindustan Newsprint.

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