Give PSUs chance to restructure, says Manmohan

05 Dec 2006

1

Mumbai: Large PSUs, including oil firms and the Food Corporation of India, should be given a chance to restructure and rationalise for better financial health, prime minister Manmohan Singh said.

"We have invested a significant amount of our national resources in building up a sizeable public sector. But the productivity of the investment locked up in our public sector is very low. We need to unlock this investment potential if the country has to benefit from the past investments," he said.

The prime minister was delivering the golden jubilee address at the Administrative Staff College of India (ASCI) in Hyderabad.

"We must work to put them on a sound financial footing by giving them the opportunities to restructure and rationalise, enter into public-private partnerships and enable them to build on core competencies," he said.

He also favoured a review of the governance structure of PSUs even while maintaining accountability to the Parliament.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more