|
|
|
PSEs will have to scale-up, build capacities to survive in competitive market: Sitharaman
|
|
|
|
Top Stories |
|
|
|
|
IANS | 09 Jun, 2022
Union Finance Minister Nirmala Sitharaman on Thursday said the Public
Sector Enterprises (PSE) in the strategic core sector need to scale-up
their performances and if required should enter into a partnership with
the private sector to survive.
She was in Gandhinagar to inaugurate 'Nation Building and CPSE's Exhibition'. Addressing
the event, she said, "In the competitive world, even Public Sector
Enterprises (PSE) in the strategic core sector have to scale up their
skills, capacities, competence, efficiency and if required should enter
into partnership with the private sector to survive.
"In 2021,
the Central government decided to minimise the public sector role in
nation building. So many sectors were opened for private sectors. Those
that are still reserved for PSE, even in these sectors the role is going
to reduce soon."
She added, "It is high time for the PSEs to
prove their strength and competency. If it is not expanded at the right
time, it will be difficult for them to survive, or their presence may go
unnoticed."
The finance minister also recommended looking out
for diversification, expansion, and exploring new opportunities that can
keep them afloat in the market.
"When the country was freed
from colonial rule, the nation needed to be self-reliant. For that the
government made public investment in many sectors. Even though several
sectors were reserved for PSUs (PSEs), post-liberalisation and
globalisation, many sectors were opened for the private sector. Till
2021, some PSEs enjoyed this protection, now their roles will be
minimised. Their role and contribution in nation building is
noteworthy," said Nirmala Sitharaman.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|