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29 State-owned enterprises register profit

Special Correspondent
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As many as 29 of the 36 State-owned manufacturing and commercial enterprises registered a net profit of Rs.295.79 core during 2010-11 and paid a dividend of around Rs.30 crore. The total turnover has been estimated at Rs.2,304.42 crore.

According to the Economic Review 2011, released here on Saturday, there is a significant increase in the turnover and profit compared to the previous year. The accumulated loss as on March 31, 2011, is Rs.957.29 crore.

Comprehensive restructuring packages were implemented in various PSUs. The micro, small and medium enterprises sector played a pivotal role in employment generation at a low capital cost – the 10,882 units with a total investment of Rs.1,453 crore, generated 84,878 job opportunities.

The number of new enterprises, investment, production and employment recorded an upward trend from that of the previous year. Ernakulam occupies the highest position and Kasaragod the lowest in terms of the value of goods produced, investment made, and employment generated.

A total of 659 projects involving margin money of Rs.11.84 crore were sanctioned by various banks under the Prime Minister's Employment Generation Programme. The outstanding bank credit to various sectors by the commercial banks in the State at the end of March 2011 was Rs.121982 crore against the Rs.96987 crore in the previous year. The outstanding flow of credit to MSME sector showed an increase of 44 per cent from Rs.11758 crore in 2009-10 to Rs.16894 crore in 2010-11.

As many as 2,300 companies were registered in 2010-11. This included 52 public limited and 2,248 private limited companies.

The overall production of handloom cloth increased from 23.95 million metres in 2009-10 to 25.55 million metres in 2010-11. The total value of production increased from Rs.165.33 crore in 2009-10 to Rs.182.35 crore in 2010-11. But the number of weavers decreased from 57753 in the previous year to 50717 in 2010-11. The spinning industry fell into deep crisis and the mills in the cooperative sector slipped into huge accumulated loss of Rs.132.52 crore.

The Kerala State Industrial Development Corporation during 2010-11 assisted 34 projects with an investment of Rs.700.94 crore and it generated 2,831 employment opportunities.

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