The Public Enterprise Reform Program in Andhra Pradesh
has gained significant Credibility for the procedures adapted
in carrying out various transactions.

This is what experts in various fields have to say about the
process established:

 

 

In Nizam Sugars Case the Honorable High Court of AP, in its
Judgment said:

 

"after examining the decision making process at every stage
in light of the Invitation For Proposals (IFP) relating to
privatisation of four units of Nizam Sugars Limited, the Court
is satisfied that the Government of Andhra Pradesh and
Implementation Secretariat have procured the best market

price and have chosen a superior proposal to the unsolicited

proposal as well as Best and Final Proposal of GELCON"

 

 

A Pitse, Chief Executive of Foskor Ltd., a South Africa based
Company has praised the Implementation Secretariat, which

handled the GFCL disinvestment stating:

 

"The entire procedure has been exemplary.  We believe the
GFCL's disinvestment method has put in place a reliable
roadmap; there are definite lessons to be learnt for other
future disinvestment initiatives in India"

 

 

The World Bank in its review report of May'03 states:

 

The PE Reform Program in AP continues to make impressive
progress

 

Progress in the PE Reform program is beyond target and the
challenge for the Government is to maintain the momentum

 

Good progress has also been made in the Voluntary
Retirement Scheme (VRS) and the Social Safety Net
Program (SSNP) linked to the PE Reform Program

 

Redeployment rate of VRS opted employees, has been about
35%, a number which is considered good based on the
experience from privatisation programmes elsewhere.