Latest News | New Public Sector Enterprises Policy Envisages at Most 4 PSUs in Strategic Sectors: DPE Secy
Get latest articles and stories on Latest News at LatestLY. The new public sector enterprises policy envisages that the strategic sectors have limited number of players restricting it to maximum four public sector enterprises of the holding nature, a top official said on Friday.
New Delhi, Feb 19 (PTI) The new public sector enterprises policy envisages that the strategic sectors have limited number of players restricting it to maximum four public sector enterprises of the holding nature, a top official said on Friday.
Department of Public Enterprises (DPE) Secretary Sailesh said the remaining enterprises will be rationalised in terms of mergers, amalgamations and privatisation if feasible.
As part of the 'Aatmanirbhar Bharat Abhiyan' package, Finance Minister Nirmala Sitharaman had in May announced that there will be a maximum of four public sector companies in strategic sectors, and state-owned firms in other segments will eventually be privatised.
The DPE secretary was addressing a webinar organised by PHDCCI.
Sailesh said, "We need to build our capabilities and emphasise our domestic production for global and domestic outreach at a globally competitive cost."
The new paradigm framework in which the government is working on will make PSU a pivotal part and there is a strength towards asset monetisation in the brownfield project, he added. "We need to ensure that the desired results are achieved in the collaborative effect of the private sector to enhance wealth, improve R&D, and growth of the economy."
The secretary also said that with the announcements of the new PSU policy, the govt wishes to have a strong and impactful public sector in a strategic sector. "MSMEs (micro, small and medium enterprises) have the potential in the sectors such as defence, infrastructure, manufacturing, power, petroleum, coal, mining, ports, airports, and many more, which will help to create better running of government assets," he said. HRS hrs
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)