Today, 16 years after Shourie's proposal, BIFR and BRPSE themselves are about to shut shop as they don't have any place in the Narendra Modi-led NDA government's new scheme of things.
Ironically, Hindustan Photo Films, the company that BIFR and BRPSE wanted to close, continued to bleed the central exchequer till recently, and is yet to be completely shut down.
It is only after a public sector company is traded on the stock markets ( that) its real value is unlocked," the chairman of the Board for Reconstruction of Public Sector Enterprises ( BRPSE), Nitish Sengupta said.
AS MANY as 20 sick central public sector enterprises out of the 39 approved for revival by the Board for Reconstruction of Public Sector Enterprises ( BRPSE) have bounced back into profit.