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Merger of MMTC, STC & PEC recommended

16
May '07
A consultant firm was engaged to carry out a study to assess the role of MMTC Ltd, STC Ltd and PEC Ltd in the liberalized Indian economy and to recommend the business model and the processes these organizations should adopt and the structural changes, if any, required to adopt the recommended business model and processes for their long-term sustainability and growth.

The consultant firm has, among others, recommended the merger of these organizations.

MMTC Ltd, STC Ltd and PEC Ltd have been asked by the Government to consult the employees for their feedback on the recommendations of the consultant firm.

There is no decision of the Government as yet on the issue of merger of these organisations.

This was stated by the Minister of State for Commerce , Shri Jairam Ramesh, in a written reply in the Lok Sabha.

Press Information Bureau Government of India


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