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Some PSUs Turned Into Profitable Organizations, Some Still On Loss, Tripura Govt

There are 31 PSUs in Tripura and those have been incurring loss since 2005-2006 till 2017-18 financial years during the Left front government’s regime while after the arrival of BJP-IPFT Government led by CM Biplab Deb the PSUs have received a ray of hope to stand on their own feet gradually. With 71 employees Tripura Horticulture Corporation Limited THCL, the PSU has earned a profit of Rs 1 crore 6 lakh 96 thousand in the last financial year 2019-2020. Before that the THCL had earned a profit of Rs 8 lakh and Rs 2 lakh in 1992-93 and 2004-05 financial year respectively. The Tourism Development Corporation Limited gained Rs 3.51 crore as profit in 2019-2020 which was Rs 2.68 crore in 2016-17 financial year, Rs 3 cr in 2017-18 FY, Rs 3.5 cr in 2018-19 FY. There are 112 employees are there. Tripura Industrial Development Corporation Limited earned Rs 7.32 crore profit in 2019-20 FY. Corporation is functioning with 48 employees. Tripura Urban Transport Corporation Limited earned Rs 33 lakh 74 thousand in 2019-20FY. Tripura Tea Development Corporation earned 2.16 crore in 2019-20 FY. However government said that PSUs like TSICL, Jute Mills Limited, THHDCL are still running in loss but the amount has decreased from previous years. TSICL is incurring a loss of Rs 3.89 crore, Jute Mills Limited is running on loss of 31.66 crore and THHDCL is running on loss of Rs 9 crore.

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