As many as 28 State Government enterprises have been closed and 36 others are operating in the State now, informed Pubic Enterprises Minister Bikram Keshari Arukh in the State Assembly on Tuesday.
In response to a question of Congress MLA Bhujabal Majhi, the Minister said the public enterprises have been closed due to reasons like managerial deficiency , undue delay in project implementation, longer gestation period for commencing commercial production, lack of market facility, lack of raw material and working capital and lack of implementation of upgraded technology and acute financial loss.
The main project, which have been closed include, New Mayurbhanj Textiles Limited, Odisha Textile Mills, Odisha State Textile Corporation, Odisha State Handloom Development Corporatoin, Odisha Fisheries Development Corporatoin, Oidhsa Leather Industries Limited and Odisha Instruments Company.
Out of 36 operational enterprises, six were running with losses in the financial year 2016-17. While the Gridco had suffered a loss of Rs 653.33 crore, the Kalinga Studios Limited Rs 0.09 crore, Odisha Film Development Corporation Ltd (OFDC) Rs 0.019 crore, Odisha State Finance Corporation (OSFC) Rs 3.19 crore, Odisha Rural Housing and Development Corporation (ORHDC) Rs 38.50 crore and the Water Corporation (Watco), Bhubaneswar suffered a loss of Rs 0.05 crore.