PSUs should be given freedom to take decisions Swamy

    Bhubaneswar, Feb 22 (PTI) Senior BJP leader
Subramanian Swamy on Saturday said public sector undertakings
should be given freedom to take decisions and operate
according to market dynamics.
    India should recognise the strength of the PSUs, the
BJP MP said, addressing the 18th edition of NALCO Lecture
Series on 'Relevance of PSUs in Shaping New India'.
    "The public sectors are important for the development
of India and these sectors need to be encouraged to prosper.
The PSUs should be given freedom to take decisions and operate
in sync with the market dynamics," Swamy said.
    Swamy also said he is opposed to the disinvestment of
Air India. "This is mostly because there are areas where
private sectors cannot meet India's aspirations... There are
certain sectors that can be explored and developed by PSUs
only," he said.
    The public sectors should move beyond profit making
and focus on multi-dimensional objectives, the BJP lawmaker
said, adding, PSUs need to be ready to compete in terms of
commercial principles. PTI AAM
RBT RBT

(This story has not been edited by THE WEEK and is auto-generated from PTI)