West Bengal industry minister Nirupam Sen today said the state governement has chalked out a reconstruction scheme for 14 sick public sector units (PSUs). The state has 23 PSUs under its control.
According to the scheme, the government would form joint ventures to monitor functioning of 10 firms while it would run four units alone. Two sick units would be closed down, he said.
However, the workers of the units, which would be shut down, would be handed early retirement schme (ERS). The state government has received an overseas assistance of Rs 18.50 crore to fund the retirement scheme.