Rs 75 cr budgetary support for revival of sick PSUs: Slathia

Excelsior Correspondent
SRINAGAR, June 7: Re-affirming that all the available resources will be pooled to restore the pristine glory of State’s world famous Silk Factory, Minister for Industries and Commerce Surjit Singh Slathia today said that a budgetary support of Rs. 75 crore has been earmarked for the current fiscal to revive sick Public Sector Undertakings (PSUs), which includes Rs. 26 crore to settle claims under Voluntary Retirement Scheme (VRS) and Golden Handshake (GHS) Schemes.
Addressing a gathering of employees and workers of Government Silk Factory, Rajbagh, Mr. Slathia said intricate craftsmanship of the State is unparallel which would be preserved and promoted at all costs. He said Kashmiri Silk fibre is known throughout the globe for its lusture, purity and fineness, adding that a State of art silk Show Room is being constructed at Rajbagh, at a cost of Rs. 85 lakh to provide plateform for Silk weavers and traders to showcase and sell silken products to the tourists visiting the State.
Mr. Slathia while appreciating the management of the Jammu & Kashmir Industries Limited (JKI) for bringing improvements both in production and revenue generation levels, asked the workers to continue their efforts with further devotion and dedication, so that Corporation could improve its profitability graph on sustained basis. He said profitability of the Corporation was key for extending benefits of the 6th Pay Commission to its employees and workers.
The Minister also inspected the upcoming Silk Show Room and instructed the architect to complete the complex by 15th of the current month.