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‘Government not to privatise profitable PSUs’

‘Government not to privatise profitable PSUs’
PTI
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First Published: Sun, Jul 19 2009. 02 22 PM IST
Updated: Sun, Jul 19 2009. 02 22 PM IST
Kolkata: The government would not go for privatisation of profit-making PSUs, secretary with the department of public enterprises, R Banerjee, has said.
Speaking at an interactive session organised here by the Indian Chamber of Commerce on Saturday night, he said, “Profit-making PSUs will not be privatised,” and clarified that privatisation means bringing down the government holding to below 51%.
Banerjee said that the PSUs which will be categorised under the ‘Maharatna’ status, will be given full commercial and managerial autonomy.
“The department has recently floated a note and circulated to different ministries for their comment” on it, he said, adding that it was a part of the government’s 100-day programme.
Out of the 242 central public sector units, 18 were Navratnas and 54 are Miniratnas, he said. He further said that the CPSUs were contributing to nearly 8% of the GDP.
“Three more PSUs are in the pipeline to get the Navratna status,” he added.
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First Published: Sun, Jul 19 2009. 02 22 PM IST