October 14th, 2011
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“No privatization of public sector”: Kunhalikutty

Kerala Industries minister Kunhalikutty Thiruvananthapuram: State Industries Minister P K Kunhalikutty stated that he had no intentions to privatize public sector enterprises.  While addressing the assembly during the question hour session P K Kunhalikutty stated that the public sector had recorded a 60 percent profit in the past six months. The total profit made by the public sector in this financial year would account to 81.39 crores, he said.

According to him, last year the public sector had recorded a profit of 50 crores. The textile industry is however not making much profit but when compared to last year several industries have recouped and have started showing a positive growth.


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