Sinlung /
14 March 2012

Deloitte Recommends 3 Mizoram PSUs Be Abolished

Aizawl, Mar 14 : Deloitte and Touche Consulting India Pvt Ltd, employed by the Mizoram government to study the functioning of state government corporate bodies, has recommended that three PSUs should be abolished.

After conducting a thorough examination of the PSUs, Deloitte recommended that three of them - Mizoram Agriculture Marketing Corporation (Mamco), Zoram Electronics Development Corporation (Zenics) and Zoram Handloom and Handicraft Development Corporation (Zohandco) - should be abolished.

The recommendations said that these state government undertakings have been incurring losses rather than earning profits for the government and it would be more profitable if the government abolishes them.

Deloitte also recommended that Mizoram Food and Allied Industries Corporation (Mifco), which owned food and fruit processing units, should be privatized and Zoram Industrial Development Corporation (Zidco) should be revamped.

The state government in 2008 launched the Mizoram Public Resource Management Programme to improve its finances and the state finance department employed the services of the Deloitte to study the functioning of the PSUs.

The state government is yet to take any action on the recommendations.

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