SME Times is powered by   
Search News
Just in:   • 'Enhanced cooperation between India, B'desh will make S Asia hub for apparel innovations'  • Nepal's economy not like Sri Lanka's, but can go that way: Former central bank Guv  • 'Time to move from 'Volume' to 'Value' leadership in Pharma market'  • Ola Electric slips to 4th spot as EV registrations fall amid fire fears  • T.Raja Kumar takes over as FATF chief 
Last updated: 09 Jun, 2022  

Nirmala Sitharaman THMB PSEs will have to scale-up, build capacities to survive in competitive market: Sitharaman

Nirmala Sitharaman
   Top Stories
» 'Time to move from 'Volume' to 'Value' leadership in Pharma market'
» Large borrowers' loan accounts and bad loans decline: RBI
» Kharif 2022: Rice, oil seeds sowing less, pulses, coarse cereals more over 2021
» RBI hits hard on Bitcoin, DeFi, crypto trading platforms
» Import duty on gold increased, may not impact demand
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.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 04 Jul, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» China's forex reserves reach USD 2.85 trillion(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter