Enlisting its achievements and success stories of 2015, the Department of Heavy Industry said said the project would be implemented within a year.
"The objective of this project is to upgrade existing tooling industry in and around Pune," it said in a statement.
Its main focus would be on those activities and services which are not available with the small and medium units like tool trial, validation, calibration set up, high end manufacturing facilities, it added.
Further it said as part of the roadmap for revival or closure of CPSEs, the ministries and departments will have to analyse the performance of its CPSEs to classify them as sick or weak within six months of the closure of the financial year.
"As per the guidelines, the administrative Ministry/ Department, at the end of the each financial year, analyses the performance of its CPSEs to classify them by a specific order into sick, incipient sick and weak CPSEs within 6 months of the closure of the financial year or within one month from finalisation of annual accounts, whichever is earlier," it said.
It also said that the compilation and processing of information for Public Enterprises Survey, 2014-15 is underway, which will be laid in Parliament during the Budget Session in February.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
