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.
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,"
prime minister was delivering the golden jubilee address
at the Administrative Staff College of India (ASCI) in
must work to put them on a sound financial footing by
the opportunities to restructure and rationalise, enter
into public-private partnerships and enable them to build
on core competencies," he said.
also favoured a review of the governance structure of
PSUs even while maintaining accountability to the Parliament.