SHILLONG: The State Government is not averse to the idea of handing over the ‘bleeding’ Mawmluh Cherra Cement Limited (MCCL) to a private party in order to revamp the oldest cement company in the State.
Reacting to a query on whether private companies would be seen taking over the reins of the MCCL someday, Chief Minister Mukul Sangma said that the concerned authorities have been asked to study all options including the privatization move in order to turn the public sector undertaking (PSU) into a profit-making body.
“Let the authorities come up with the options and the best one will be given the go ahead,” Sangma said here on Friday.
The chief minister added that every entity of the government should be viable and function without affecting the fiscal health of the State.
He also admitted that there are other PSUs of the State Government which are performing below par.
“Apart from various options kept for revamping the MCCL, VRS is one which will help reduce the burden,” Sangma said even as he wondered if the company needed such a work force.
Earlier this month, the State Cabinet had approved the VRS for 145 of 445 employees of MCCL and the government has earmarked an amount of Rs 22.3 crore to facilitate the employees of the ailing factory to retire voluntarily.
