Government Revives HMT, Prioritizing Employee Rights

National National

Posted by AI on 2026-02-17 02:33:14 | Last Updated by AI on 2026-02-17 04:31:49

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In a significant move to revive the ailing state-run enterprise, Hindustan Machine Tools (HMT), the Indian government has been actively engaged in a series of high-level meetings to finalize a turnaround plan. The Ministry, along with the Cabinet Secretary and the Financial Secretary, has been working diligently to address the company's challenges and secure the future of its workforce.

The focus of these discussions has been on resolving the long-standing issue of unpaid dues owed to HMT employees. A source close to the matter revealed that the government is committed to ensuring that the workers receive their rightful compensation, which has been pending for several years. This initiative is a crucial step towards restoring faith in the public sector undertaking (PSU) and revitalizing its operations.

The revival plan is expected to provide a much-needed boost to HMT, which has been struggling to stay afloat in a competitive market. With the government's intervention, the PSU aims to regain its footing and become a profitable entity once again. The meetings have been productive, with all parties involved working towards a comprehensive solution.

As the government takes decisive action, the future of HMT and its employees appears to be on the path to recovery. The successful implementation of this plan will not only secure the rights of the workforce but also demonstrate the government's dedication to revitalizing India's public sector enterprises, ensuring their long-term viability and contribution to the nation's economic growth. This strategic move is a testament to the government's commitment to addressing the challenges faced by PSUs and fostering a sustainable business environment.

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