Plans to nurse back five public sector units (PSUs) at a total investment of Rs.4,575 crore are under active consideration of the government which will also revive Lucknow-based Scooters India without inducting any strategic partner.
Old-time blue chip PSUs — HMT, HMT Bearings, HMT Watches, newsprint maker NEPA and Nagaland Pulp and Paper — will be revived through the induction of funds by the government.
In the case of Scooters India Ltd (SIL), the government has changed its strategy from offering it for outright sale to reviving on its own. However, the investment requirement has not yet been disclosed for the company.
