SHILLONG: In what can be termed as a sorry state of affairs in the state, most of the Government- owned Public Sector Undertakings (PSUs) in the state is facing huge losses.
The matter came to light after the Committee on Public Undertakings on Wednesday summoned representatives of the state PSUs for clarification on the huge losses.
Speaking to media persons after the meeting, MLA and member of the Committee, T Chyne informed that two out of 17 PSUs in the state were non- functional whereas the total loss incurred by the rest 15 PSUs in the state amounted to Rs 389.50 crores.
“As a Committee, we fell concern about the huge losses as it is a burden on the State Government,” he said
Chyne informed that only a few PSUs like Meghalaya Tourism Development Corporation and Forest Development Corporation and Meghalaya Government Construction Corporation have shown to have netted profit.
But here too, the three Corporations have not shown their arrears of accounts since last 4-5 years and they have submitted their accounts only till the year 2011.
