Finance Minister Nirmala Sitharaman today said the government will privatise public sector units or public sector enterprises (PSEs) in non-strategic sectors.
A list of strategic sectors will also be announced in which only one to four public sector enterprises will remain, the finance minister said, as part of a slew of measures to kickstart the economy.
In strategic sectors, at least one enterprise will remain in the public sector but private sector will also be allowed. To minimize wasteful administrative costs, number of PSEs in strategic sectors will be ordinarily be only one to four.
Others will be privatised/merged or brought under under holding companies. The finance minister said there is a need for coherent policy where all