New public sector enterprises policy envisages at most 4 PSUs in strategic sectors: DPE Secy

The new public sector enterprises policy envisages that the strategic sectors have a restricted variety of players limiting it to a most of 4 public sector enterprises of the holding nature, a prime official aforementioned on Friday.

Department of Public Enterprises (DPE) Secretary Sailesh aforementioned the remaining enterprises are rationalized in terms of mergers, amalgamations, and privatization if possible.

As a part of the ‘Aatmanirbhar Republic of India Abhiyan’ package, minister Nirmala Sitharaman had in could declared that there’ll be a most of 4 public sector firms in strategic sectors, and state-owned corporations in different segments can eventually be privatised.

The DPE secretary was addressing a webinar union by PHDCCI.

Sailesh aforementioned, “We got to build our capabilities and emphasise our domestic production for international and domestic reaching at a globally competitive value.”

The new paradigm framework within which the govt. is functioning on can build PSU a crucial half and there’s a strength towards plus proof within the brownfield project, he added. “We got to make sure that the required results area unit achieved within the cooperative result of the personal sector to reinforce wealth, improve R&D, and growth of the economy.”

The secretary conjointly aforementioned that with the announcements of the new PSU policy, the govt. desires to own a robust and impactful public sector during a strategic sector. “MSMEs (micro, tiny and medium enterprises) have the potential within the sectors like defence, infrastructure, producing, power, petroleum, coal, mining, ports, airports, and plenty of a lot of, which can facilitate to form higher running of presidency assets,” he said.

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