Plan panel moots privatisation of sick state PSUs in J&K
New Delhi: The state development report (SDR) of Jammu & Kashmir (J&K) released by the Planning Commission on Monday has recommended privatisation of the loss-making public sector units like the Jammu & Kashmir Tourism Development Corporation, JK Cable Car, J&K Agro Industries Development Corporation and J&K Horticulture Produce Marketing Corporation (HPMC).

The report has also suggested abolishing the government institutions that have overlapping interests with other entities and have "outlived" their utility like the agrarian reforms division in the revenue organisation, the Housing Board and Command Area Development Authority. The state could be assisted by the Centre or through a banking arrangement for implementation of voluntary retirement scheme (VRS), the report said, adding that to begin with it could be implemented for such wings of the government that were required to be abolished.
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