Jammu and Kashmir's Ailing PSUs: A Quest for Revival

Out of 44 public sector undertakings (PSUs) in Jammu and Kashmir, 24 are incurring losses and four are non-functional. The government is exploring strategies to enhance these entities' financial and operational performance. Deputy Chief Minister Surinder Kumar Choudhary outlined measures aiming at strengthening these underperforming PSUs.

Amidst growing concerns over the financial health of public sector undertakings (PSUs) in Jammu and Kashmir, the Union Territory government announced that of the 44 PSUs, 24 are operating at a loss while four have ceased functioning entirely.

The Deputy Chief Minister, Surinder Kumar Choudhary, addressed the Assembly, stating initiatives are underway to bolster these struggling entities through improvements in infrastructure and manpower. The aim is to rejuvenate operational and financial performance across the sector.

Among the profit-generating PSUs listed were J-K Bank and J-K State Power Development Corporation. In contrast, notable loss-making entities include J-K Industries Limited and J-K Handicrafts Sales and Export Corporation. The government emphasizes ongoing efforts to review and revive these essential economic contributors.

(With inputs from agencies.)