Last Updated:February 17, 2026, 07:00 IST A series of meetings has been held between the Ministry, the Cabinet Secretary, and the Financial Secretary to finalise the plan A critical pillar of the plan is HMT’s vast land holdings. (News18 Hindi File) Nearly two months after its announcement, the Ministry of Heavy Industries (MHI) has begun moving on the Hindustan Machine Tools’ (HMT) revival plan, with internal processes and inter-ministerial coordination now formally afoot. Clearing workers’ dues, including pending salaries, statutory payments, and other legal-financial entitlements, has been identified as the first and non-negotiable priority as the government charts the company’s revival, News 18 has learnt. A series of meetings has been held between the Ministry, the Cabinet Secretary, and the Financial Secretary to finalise the plan. The revival plan was unveiled in December 2025, after NITI Aayog submitted a comprehensive 1,023-page report recommending the resurrection of Hindustan Machine Tools’ defunct watch manufacturing units, most of them located in Southern India. The report reflected HMT’s enduring brand recall and argued that a calibrated and phased revival, …