Union Minister for Heavy Industries and Public Enterprises Prakash Javadekar on Tuesday said in the Lok Sabha that the Government always makes efforts to revive public sector undertakings that can be revived and that Government and private sector both will have presence in the strategic sector.
During the Question Hour in Lok Sabha, Javadekar said the effort always is to utilise the full capacity of the public sector undertakings (PSU).
“There is always an effort to ensure that those units which can be revived are revived,” he asserted.
The Minister further said the Government has approved the revival, merger, or restructuring of some PSUs.
“Some of them are Brahmaputra Valley Fertiliser Corporation Ltd, Hindustan Steelwork Construction Ltd, Richardson & Cruddas Ltd, NEPA Ltd, Hooghly Printing Company Ltd, Konkan Railway Corporation Ltd, Mahanagar Telecom Nigam Ltd (MTNL) and Bharat Sanchar Nigam Ltd (BSNL),” he said.
Replying to a question, Javadekar said BSNL and MTNL are strategic assets. “And in a strategic sector, there will be government presence and there will be private companies also,” he said.
He also clarified that the government is not privatising Life Insurance Corporation of India.