Herald News

CM congratulates EDC for turning profitable

31 May 2017 06:06am IST
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31 May 2017 06:06am IST

PANJIM: Chief Minister Manohar Parrikar on Tuesday said the progress of government companies earning profits has started with EDC.

Team Herald


PANJIM: Chief Minister Manohar Parrikar on Tuesday said the progress of government companies earning profits has started with EDC.

“Process of government companies earning profits has begun. EDC has turned into a profit making venture now after many years and other government companies will follow suit,” Parrikar said addressing the gathering after inaugurating the EDC Park at Panjim. 

“In the last five years it has been seen that government companies have started making profit. Two or three corporations are still not making profits but another three or four government companies have started making profits. EDC has made a profit of Rs 45 crore and I congratulate the entire team on this,” Parrikar said.

He said that CSR activities are undertaken whenever a corporation has profits and the fact that EDC was embarking on CSR projects was a sign that the government corporation is doing well.

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