J-K govt earmarks Rs 75 cr for revival of sick PSUshttps://indianexpress.com/article/india/regional/jk-govt-earmarks-rs-75-cr-for-revival-of-sick-psus/

J-K govt earmarks Rs 75 cr for revival of sick PSUs

The Jammu and Kashmir government today said it has earmarked Rs 75 crore for revival of sick Public Sector Undertakings (PSUs) in the state during the current fiscal.

The Jammu and Kashmir government today said it has earmarked Rs 75 crore for revival of sick Public Sector Undertakings (PSUs) in the state during the current fiscal.

A budgetary support of Rs 75 crore has been earmarked for the current fiscal “to revive sick Public Sector Undertakings”,said State Industries Minister S S Slathia.

He said the amount includes Rs 26 Crore to settle claims under Voluntary Retirement scheme (VRS) and Golden Handshake (GHS) schemes.

“Intricate craftsmanship of the state is unparalleled which would be preserved and promoted at all costs,” Slathia said addressing employees and workers of Government Silk Factory here.

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He added that a ‘state of art’ silk showroom is being constructed at Rajbagh at a cost of Rs 85 lakh to provide platform for silk weavers and traders to showcase and sell their products to the tourists visiting the state.

The showroom,which will be a blend of traditional-cum- modern architecture,is expected to be commissioned by Chief Minister Omar Abdullah by the of end of this month,Slathia said.