HMT Revival Plan Gains Momentum: Workers' Dues Top Priority in PSU Turnaround

• Ministry of Heavy Industries (MHI) begins implementing HMT revival plan, with internal processes and inter-ministerial coordination underway.
• Settling workers' dues, including outstanding salaries and statutory payments, is designated as the primary and non-negotiable priority.
• The revival strategy, based on NITI Aayog's 1,023-page report, focuses on resurrecting defunct watch manufacturing units, primarily in Southern India.
• Union Minister H D Kumaraswamy is steering the plan, underscoring government confidence in his role in manufacturing and industrial agenda.
• HMT's vast land holdings are a crucial component, with selective monetization potentially funding the revival without burdening the public treasury.