Economy & Market
Fall in JK Cements' production
J&K Cements Ltd (JKCL), the State owned undertaking in the manufacturing sector, is witnessing steep fall in the production and the enterprise has been 'downsized' to a trading company, threatening its very existence.
Bureaucratic hassles and government neglect are cited as the reasons for the dilapidation of once flourishing Public Sector Undertaking (PSU) based in the Valley. An official said the cement production at J&K Cements plant at Khrew on the city outskirts has fallen by almost 70 per cent of the targeted 1,200 metric tonne production/day.
Instead of addressing the problem, JKCL authorities were now ordering import of the clinker (semi-finished cement which is turned into final product) from outside the state, which the official said, has downgraded the PSU into trading company.
Interestingly the 96th meeting of Board of Directors of JKCL presided by its
Chairman and Minister for Industries SS Slathia
, on July 9 focused more on the 'achievements' of the Corporation in the past without seeking to address the mess in it.