Private Players To Participate In All Sectors

Unveiling the fifth and last tranche of the economic package, Finance Minister Nirmala Sitharaman announced a major public sector enterprise (PSE) policy for a new, self-reliant India, under which private players will be allowed entry in strategic sectors. “List of strategic sectors requiring the presence of PSEs in the public interest will be notified,” she said.

- Niti Kiran

In strategic sectors, at least one enterprise will remain in the public sector but the private sector will also be allowed. In other sectors, public sector enterprises will be privatised, the timing for which will be based on feasibility. To minimise wasteful administrative costs, the number of enterprises in strategic sectors will ordinarily be only one to four; others will be privatised or merged or will be brought under holding companies.