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Lok Sabha
Government is to make the Central Public Sector Enterprises (CPSEs) strong and effective by taking several initiatives. These include to grant full managerial and commercial autonomy to successful profit-making companies, retention of Navratna CPSEs, no privatisation of profit-making companies in general, revival/restructuring of sick CPSEs and sell-off or close down of chronically loss-making CPSEs after clearing the legitimate dues and compensations of the workers.
The Government is working towards making a strong and effective public sector whose social objectives are met by its commercial functioning as per National Common Minimum Programme of the UPA government.
This information was given by the Minister of Heavy Industries and Public Enterprises, Shri Sontosh Mohan Dev in a written reply to a question in Lok Sabha today.
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