Mizoram govt to abolish MAMCO

Mizoram government has proposed to abolish the Mizoram Agriculture Marketing Corporation (MAMCO) following the recommendations of the Deloitte and Touche India Pvt Limited, state trade and commerce minister H Rohluna today said.
Replying to a question from Lalruatkima of the Mizo National Front (MNF), Rohluna said that the employees of the MAMCO would be given a golden handshake in accordance with the Mizoram State Public Sector Enterprises Early Retirement Rules, 2015.
He said that the state government would make alternative arrangements for those employees who refused to avail the ERR and some of them would be absorbed in the state government departments.

Intervening in the discussion, Chief Minister Lal Thanhawla said that all the PSUs under the state government were sick units and almost all the yearly reports of the Comptroller and Auditor General of India had recommended abolition of the PSUs.
Lal Thanhawla said that the state cabinet has made decision to abolish three PSUs - the MAMCO, the Zoram Electronics Development Corporation (ZENICS) and the Zoram Handloom and Handicraft Corporation (ZOHANCO) while the Mizoram Food and Allied Industries Corporation (MIFCO) would be privatised and the Zoram Industrial Development Corporation (ZIDCO) would be restructured by axing several employees.