Govt set to wrap up Scooters India, Bharat Pumps
The public authority has at long last chosen to end up two debilitated public area organizations — Scooters India and Bharat Pumps and Compressors-having neglected to discover admirers for the two PSUs settled in Uttar Pradesh.
As indicated by a report in the Times of India, the issue of Scooters India's conclusion was recorded for conversation in Wednesday's bureau meeting. A few endeavors have been made in the past to discover purchasers for the two elements however they have not yielded any outcomes. The branch of speculation and public resource the executives (DIPAM) has likewise taken a view that any of the misfortune making PSUs on the rundown would be suggested for conclusion subsequent to putting forth full-scale attempts to discover purchasers.
"We have suggested conclusion of Scooters India Ltd," the distribution cited an anonymous authority as saying. As indicated by the proposition, the brand name would be sold through a different exchange. There is a view inside the public authority that conclusion ought to be permitted and such deals ought not to be permitted to delay for quite a long time because of the absence of purchasers.
Misfortune making Scooters India was joined in 1972. It is occupied with planning, creating, assembling and promoting a wide range of ordinary and non-customary fuel-driven three-wheelers.
In 1975, the organization began the business creation of bikes under the Vijai Superbrand for the homegrown market and Lambretta for the abroad market. Later it additionally presented three-wheelers under the brand name of VIKR