LOK SABHA
The Government have
extended the purchase preference policy for products made and
services rendered by Central Public Sector Undertakings for another
two years i.e. from 1.4.2002 to 31.3.2004 and the guidelines in
this regard have been issued on 14.6.2002. Government have taken
various steps from time to time to make Central PSUs cost efficient
and self-supportive, which inter-alia include periodical review
of their performance by the concerned administrative Ministries/Departments,
business and financial restructuring, technology upgradation,
infusion of fresh funds, professionalisation of Board of Directors,
delegation of greater powers, memorandum of understanding, formation
of joint ventures, purchase preference for products and services
of PSUs, rationalisation of manpower, etc.
This information
was given by Shri Balasaheb Vikhe Patil, Minister for Heavy Industries
and Public Enterprises in a written reply to a question by Dr.
N. Venkataswamy in Lok Sabha today.
