23th April, 2002
Ministry of Heavy Industries & Public Enterprises  


STEPS TO IMPROVE THE WORKING OF LOSS MAKING PSUs

Rajya Sabha


As per Public Enterprises Survey 2000-2001 there are 111 loss making Public Sector Enterprises (PSEs) as on 31.3.2001. The performance improvement is a continuous process. Enterprise specific steps are taken by the administrative Ministries/Department/Management of the PSUs from time to time. Some of the steps taken/being taken include managerial and financial restructuring, formation of joint ventures, upgradation of technology, modernization of plants and machinery, cost control measures, rationalization of manpower, improved marketing strategies etc. as the case may be.

This information was given in the Rajya Sabha by Dr. Vallabhbhai Kathiria, Minister of State for Heavy Industries and Public Enterprises in a written reply to a question by Shri Santosh Bagrodia.