CIWTCCentral Inland Water Transport Corporation (India)
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Due to inherent limitation and infrastructure bottle necks, the operations of CIWTC could never become viable and company has been incurring losses since inception.
In line with the decision of the Government to revitalize sick CPSUs wherever possible or to wind up irretrievable cases, the dissolution of the CIWTC would be initiated after disposal of movable and immovable assets.
Implementation of the improved VRS package would offer a better severance package to the employees of CIWTC.