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Countdown begins for HMT closure
Highlights
Countdown Begins For HMT Closure. Five public sector undertakings (PSUs) will be closed down by the government, which has included some of the best known state-run enterprises like Air India, MTNL and Hindustan Shipyard in the list of 65 sick PSUs, the Lok Sabha was informed on Tuesday.
New Delhi: Five public sector undertakings (PSUs) will be closed down by the government, which has included some of the best known state-run enterprises like Air India, MTNL and Hindustan Shipyard in the list of 65 sick PSUs, the Lok Sabha was informed on Tuesday. The five state-run organisations to be closed down include three HMT units whose brand of watches and tractors once ruled the market, Heavy Industries Minister Anant Geete said during the Question Hour.
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