The BJP led central government has decided for closure of six Public Sector Enterprises under the department of heavy industry. A cabinet  note in this regard has already been circulated. The list includes Hindustan Photo Films, HMT Bearings, HMT Chinar Watches, Tungbhadra Steel, Hindustan Cable and HMT Watches. It is also reported that in second list there will be 15 firms including British India Corporation, IDPL and their subsidiaries.

According to the government, there are 61 loss-making publi sector undertakings with 1.53 lakh employees as on 31-03-2013.

Interstingly, there has been high demand for the HMT watches, once the news was flashed for its close down. This is ample proof of peoples faith on PSU products and instead of reviving them, the government is moving with its reckless anti-PSU policy.