Home Business View: It's high time for the government to quit the PSU business

View: It’s high time for the government to quit the PSU business

India’s strategic aims don’t require public possession of manufacturing of products and providers. They could nonetheless require authorities help, however from the surface.


Even early within the pandemic, it was personal enterprise that rose to the event and mass-produced private safety tools (PPE) kits, masks and different medical tools, which had been both in brief provide or not made in India in any respect. But, GoI believes that some corporations might serve a strategic objective.

As a part of its Atmanirbhar Bharat reform bundle, GoI took a daring, inprinciple choice to exit from a majority of public sector undertakings (PSUs), retaining a number of in some strategic sectors solely. One wonders if the federal government has had second ideas about retaining these ‘strategic’ enterprises after Prime Minister Narendra Modi’s latest tour of three corporations on the forefront of creating and commercialising vaccines for Covid-19 in India.

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