Government invites application for Director (Finance) in Scooters India

NEW DELHI: The government today invited applications to fill up the post of Director (Finance) in Scooters India, an ailing PSU which it is plannning to revive.

"The post of Director (Finance), Lucknow is to be filled up on deputation basis in Scedule 'B' scale of pay," an office memorandum issued today said.

The government has approved a Rs 40,885 crore revival package for 46 ailing PSUs, including Scooters India. Under the package, cash and non cash assistance worth Rs 202 crore has been sanctioned for the sick firm.

Scooters India Ltd, was incorporated in 1972 with the objective to manufacture two-wheelers and three-wheelers and is headquarterd at Lucknow.

The authorized and paid-up capital of the company was Rs 250 crore and Rs 85.38 crore, respectively as on March 31, 2015.