The Parliamentary Standing Committee on Industry has criticised the government policy with regard to the revival plans of the ailing PSUs with specific mention of the revival of Hindustan Machine Tools (HMT) units.
THe Committee in its report states that the commitment of the government “to strengthen public enterprises does not sound convincing the way it is treating the revival plan of the Hindustan Machine Tools (HMT) group of companies. …the slow pace with which the government tries to consider the revival plans is indicative of its mindset in making our public sector undertakings viable from the point of view of business proposition”.
This mindset of the government is not only in connection with the revival of HMT but also of the entire PSUs. We have not forgotten the infamous sentence of the NDA government that “Business is not the business of the government”. The UPA II government is agressively implementing this policy of the NDA government.