Employees are stakeholders in PSUs: VC handicrafts

SRINAGAR: The Management of Handicrafts (S&E) Corporation is seized with the problems of the employees and various avenues are being opened to address these, vice chairman (VC) of the corporation, Nizamuddin Bhat said this in a statement issued on Thursday.
He said that the sales of the handicraft items were being promoted to generate sufficient revenue to meet the service liabilities and other necessary expenditure.
Bhat said that Finance Minister Haseeb Drabu reviewed all corporations including the Handicraft Corporation to ameliorate employees and artisans.
To ensure that business gets a push, Bhat said, industries ministry itself was making all efforts to help the corporations to meet liabilities and become viable. “These initiatives are being taken out of stated policy of the government to make PSUs a valuable tool to enhance the quality production of all indigenous goods and sustain the business of art and craft for overall economic growth and employability.”
Bhat said the employees of the corporation were well aware of the redressal mechanism and were part of this process. “Corporations see entire manpower as legitimate stakeholders and expect desired corporation to meet the deficiencies.”
The vice chairman expressed hope that government’s intention to raise the status of PSUs would soon show the results of which the employees would be the natural beneficiaries besides artisans, weavers and other workers.
He expressed confidence that all stakeholders would contribute towards strengthening sustainable growth-oriented measures so that the state as a whole comes upto the desired standards of competitive business and traditional fame, the statement added.