PM to meet PSU heads to push growth

In continuation of his government’s ongoing push to reforms, Prime Minister Manmohan Singh will meet the chiefs of top public sector undertakings (PSUs) on Tuesday to discuss ways to push economic growth through enhanced investments, besides providing them greater autonomy and empowerment.

In continuation of his government’s ongoing push to reforms, Prime Minister Manmohan Singh will meet the chiefs of top public sector undertakings (PSUs) on Tuesday to discuss ways to push economic growth through enhanced investments, besides providing them greater autonomy and empowerment.

HT Image

The meeting, to be attended by 25 heads of companies, mostly Maharatnas and Navratnas, will be the first meet of the PM collectively with captains of PSUs whose turnover has jumped enormously since the economic liberalisation was unleashed in 1990s.

“It will give an opportunity to the captains of the PSEs such as like ONGC, NTPC and BHEL to convey their views to the PM on several key issues like autonomy and empowerment of CPSEs, their disinvestment plans and changes in the Memorandum of Understanding (MoU) system,” sources said.

The meeting will discuss flexibility to the boards of CPSEs, professionalism, future investment plans, capital expenditure and their plan to go global, they said. The meeting was initiated by heavy industry minister Praful Patel. Last month Patel had said his ministry would take up with the PM ways to improve the functioning of CPSEs, sources said.