Source: The Sangai Express
Imphal, December 20:
Advisor to the Governor K Kipgen has stated that the State Government has received an intimation from the Centre to close down defunct corporations and also to privatize those which are still working.
Kipgen who is also in-charge of the Commerce and Industries Department said that under the directives, the employees of such corporations will be made to retire under the Voluntary Retirement Scheme (VRS).
He however said that the State Government has not taken any final decision on the matter.
He said that the step was being taken up as the corporations have been incurring losses for the past several years.
Meanwhile, Commerce and Industries Commissioner AR Khan informed that the Board of Directors has approved the shutting down of the Hundung Cement Factory.
He said that the Government has also started processing the file for the retirement of the employees of the factory under the VRS.
He added that the Spinning Mill at Loitang Khunou will be closed down.