AP Plans New GoM To Monitor Public Enterpirses Reforms

Hyderabad, Aug 26 | Updated: Aug 27 2004, 06:21am hrs
The Andhra Pradesh government has finally decided to constitute a four-member group of ministers (GoM), replacing the earlier Cabinet sub-committee, to monitor and implement the public enterprises reform process in the state.

The GoM is expected to hold it first meeting early next month, according to a statement released by the Implementation Secretariat (IS). The meeting is expected to discuss and put in place the system of privatisation and reconstruction process of public enterprises including cooperatives, the release said. The finance minister Mr K Rosaiah will head the GoM, while the other members include Mr B Satyanarayana, major industries minister, Mr K Lakshminarayana, cooperation minister and Ms J Geeta Reddy, toursim and sugar minister, the release added.

The new GoM is vested with the authority of monitoring and implementing all the decisions taken by the government in respect of public enterprises reforms in the state. It will deal with the remaining 35 public enterprises including Phase I. It will also finalise an action plan for Phase II reform process. As of now, public enterprises reforms have been completed with respect to 55 enterprises, out of which 22 units have been closed, 12 units privatised, another 12 units were restructured and disinvestment was carried in nine enterprises.