CPSEs job creation highest in Punjab: Assocham

Punjab is ranked on top with highest compounded annual growth rate (CAGR) of over 46 per cent in employment generation by the Central Public Sector Enterprises (CPSEs) during the course of five year period of 2008-09 and 2012-13, according to Assocham study.
About 22,200 people were employed by CPSEs in Punjab as of 2008-09 which had increased to over 32,500 by 2012-13, while nationally about 15,33,500 people were employed by CPSEs which significantly came down to about 14,04,000 as of 2012-13, the study noted.
"Only three other states of Maharashtra (11.5 per cent), Bihar (3.7 per cent) and Odisha (1.8 per cent) have recorded a growth in employment generation by the CPSEs, while rest of the major 20 states have seen a decline, even nationally the employment in CPSEs has plummeted by about eight per cent during the aforesaid period," as per study, 'Employment Scenario in CPSEs,' conducted by Assocham.

Besides, Punjab had also registered an increase of about one per cent in its share in total employment generated by CPSEs, study said.
Employment generation growth in Haryana dropped by 3.5 per cent, as per study.
While Maharashtra has highest share of 12.5 per cent in total employment generation by CPSEs as of 2012-13 which had increased from 10.3 per cent as of 2008-09 followed by Jharkhand (11.3 per cent) and West Bengal (10.9 per cent).

"CPSEs have made significant contribution towards employment generation in the organised sector as they accounted for 4.7 per cent share in total employment generated by public and private sector as of 2012-13," said D S Rawat, national secretary general of Assocham.

With a share of just about 0.7 per cent, Punjab had attracted investments worth just about Rs 3,906 crore of the total amount of Rs 5.5 lakh crore invested by the CPSEs during 2008-09 and 2012-13.
However, Punjab has remained slightly ahead of Haryana that with a share of 0.6 per cent had attracted CPSEs' investments worth about Rs 3,186 crore during the same period.
Maharashtra alone claimed 20 per cent share in total gross block, followed by Andhra Pradesh (8.4 per cent), Tamil Nadu (8.1 per cent), Odisha (6.7 per cent) and Uttar Pradesh (6.2 per cent) amid top five states attracting high share in investments by CPSEs, study said.

There were altogether 582 projects under implementation in the central sector as of June 2013, and out of these, 311 projects reported a time over-run ranging from one month to 240 months which could have had a negative impact on employment.