{"id":32010,"date":"2026-10-07T01:46:25","date_gmt":"2026-10-07T01:46:25","guid":{"rendered":"https:\/\/kashmirthunder.in\/?p=32010"},"modified":"2026-10-07T01:46:25","modified_gmt":"2026-10-07T01:46:25","slug":"no-policy-to-shut-psus-in-jk-dy-cm","status":"publish","type":"post","link":"https:\/\/kashmirthunder.in\/index.php\/2026\/10\/07\/no-policy-to-shut-psus-in-jk-dy-cm\/","title":{"rendered":"No policy to shut PSUs in J&K: Dy CM"},"content":{"rendered":"

Says govt exploring ways to revive loss-making units<\/strong><\/p>\n

Vows to plug bottlenecks in 28,400-cr industrial policy<\/strong><\/p>\n

Srinagar, Oct 06: Asserting that the government is exploring ways to revive Public Sector Undertakings (PSUs) in Jammu and Kashmir, Deputy Chief Minister Surinder Choudhary on Tuesday said there is no proposal to shut down any PSU in the Union Territory, making it clear that the Omar Abdullah-led government has no such policy.<\/p>\n

Talking to reporters here Dy CM, Choudhary as per the news agency\u2014Kashmir News Observer (KNO), said PSUs are a part of J&K\u2019s heritage and their financial losses should be examined to determine the reasons behind the deficit and fix accountability.<\/p>\n

\u201cWhy should PSUs be shut down? We will have to find the causes. We will have to find the reasons. How did the PSU go into a deficit? The officers who put it in a deficit should be held accountable. The leaders who put it in a deficit should be held accountable,\u201d he said.<\/p>\n

He said the practice of shutting down PSUs should not continue and that the government must instead find ways to run them. \u201cThere is no policy of Omar Abdullah led Government to shut down any PSU,\u201d he said, adding that committees have been constituted to examine the functioning of certain units and explore whether and how they could be revived.<\/p>\n

Choudhary also highlighted the products displayed at the Jammu and Kashmir Industries (JKI) showroom at the Government Silk Weaving Factory in Rajbagh, saying the quality of local products could compete with major brands if they were properly marketed.<\/p>\n

\u201cThese are the things that are our heritage, they should buy,\u201d he said, while emphasising the need to explore avenues to promote such products.<\/p>\n

On the Comptroller and Auditor General (CAG) report concerning PSUs, the Deputy Chief Minister said the findings would be examined before arriving at a conclusion. \u201cThe report has come, CAG\u2019s report has come. We will see what is there and what is not. There will be a discussion on it, there will be a debate. After that, we will come to a conclusion,\u201d he said.<\/p>\n

\u2018RS 28,400-CR INDUSTRIAL PACKAGE\u2019<\/p>\n

On concerns raised by industrialists over the implementation of the rupees 28,400-crore New Industrial Policy announced in 2021, Choudhary said the government was examining the utilisation of the package and the concerns raised by industrial associations.<\/p>\n

He said the new industrial policy of the J&K Government was at the final stage and would seek to address shortcomings in the previous policy.<\/p>\n

\u201cWhatever was the discrimination in that industry policy, or there was a pick and choose, now our effort is that those bottlenecks where there were some lapses, they should be plugged somewhere and people should get the benefit of the industry policy in the right way,\u201d he said.<\/p>\n

Choudhary said the Industries Department had worked extensively on the new policy and that the concerns raised by industrialists were also being taken into consideration.<\/p>\n

\u201cIf people were not happy with the previous industry policy, that is why we are bringing a new industry policy,\u201d he said, adding that the government\u2019s effort was to ensure that the shortcomings of the past were not repeated. (KNO)<\/p>\n","protected":false},"excerpt":{"rendered":"

Says govt exploring ways to revive loss-making units Vows to plug bottlenecks in 28,400-cr industrial policy Srinagar, Oct 06: Asserting that the government is exploring ways to revive Public Sector Undertakings (PSUs) in Jammu and Kashmir, Deputy Chief Minister Surinder Choudhary on Tuesday said there is no proposal to shut down any PSU in the […]<\/p>\n","protected":false},"author":2,"featured_media":32011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[2,32],"tags":[],"class_list":["post-32010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","category-kt-front"],"_links":{"self":[{"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/posts\/32010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/comments?post=32010"}],"version-history":[{"count":1,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/posts\/32010\/revisions"}],"predecessor-version":[{"id":32012,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/posts\/32010\/revisions\/32012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/media\/32011"}],"wp:attachment":[{"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/media?parent=32010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/categories?post=32010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/tags?post=32010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}