The government today approved the Rs 1,083-crore revival
package for watch and tractor maker HMT that aims to modernise the
company and help it turn around in five years.The Cabinet Committee on Economic Affairs (CCEA) has approved the Rs 1,083-crore revival package of HMT, official sources said.
The package includes cash infusion to the tune to Rs 450 crore and another Rs 630 crore non-cash assistance.
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