Guwahati, Oct. 9: Dispur today iterated its carrot-and-stick approach to induce state-level public enterprises to perform and pledged to take concrete steps to make the sector contribute to Assam’s economic growth.
“We have adopted concrete decisions to revive state-level public enterprises (SLPEs) over the past decade. Public enterprises have been classified and parameters fixed to judge them. Performers will be rewarded and even promoted, say for example, from category C to B and A,” Assam industries and commerce minister Pradyut Bordoloi said while addressing a function on State Level Public Enterprises Day here.
The minister, while terming the day as significant, said SLPEs have to complete their audit and accounting by September 30. “SLPE Day will be celebrated every year on October 9. So, enterprises will have to complete their audit and accounting process by September 30,” he said.
Three SLPEs, the Assam Financial Corporation, the first to be incorporated in 1954, the Assam Co-operative Jute Mills Ltd (incorporated in 1959) and DNP Ltd (incorporated in 2007), were presented certificates of appreciation at the function.
Bordoloi also pledged to sustain the professional approach adopted since 2001 to revive the sector.
“We have to sustain this approach even if it means taking harsh decisions like closing down SLPEs that cannot be revived into commercially viable ventures. In the past, we have, as a part of our social responsibility, revived enterprises such as the Assam Financial Corporation and Assam Tea Corporation Ltd that have over the years contributed to the state’s economic development,” he said.
Currently, there are 38 SLPEs serving in the service, trade, welfare, promotional, production and construction sectors and absorbing 36,363 employees.
In August, the government inked service agreements with four institutional service providers to boost performance of 16 state public sector undertakings.
“Professional training and capacity building are aspects that we look to focus on in our bid to boost performance of the SLPEs,” the industry minister said.
“We will also take concrete measures and structure the system in a way that even if there is a change of government, things do not get diluted,” he said.