The Andhra Pradesh government has decided to utilise the services of the Indian Institute of Management (IIM) Bangalore to take up an in-depth study on how to strengthen and revitalise the Andhra Pradesh State Road Transport Corporation (APSRTC) and ensure profits to the loss-making body.
The IIM would be requested to submit a report to this effect in two months time and suggest a comprehensive package to strengthen the RTC.
The idea of roping in the services of IIM Bangalore was hit upon when the Cabinet sub-committee, which has been negotiating with the Joint Action Committee of RTC trade unions on the steps to bring out the corporation from losses beside other demands, met chief minister Y S Rajasekhara Reddy here on Monday.
More: business-standard.com
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