Union Minister calls for better coordination among CPSUs

Union Heavy Industries Minister Anant Geete today called for better coordination among central public sector undertakings (CPSUs) for the development of the nation.
"There are 290 CPSUs which have a collective surplus of more than Rs 2 lakh crore over the past two years. But there is no coordination between them and so they cannot help each other in case of they require funds for taking up new projects and nation's development," Geete said at an event organised by IEEMA.
The Shiv Sena MP also said the ministry is working towards bringing in coordination between all the CPSUs.
"There is no dearth of funds. We are working towards bringing more coordination between them so that they can financially assist each other in case of requirement of funds for taking up new projects," he added.

The minister further said that 21 out of 32 units under the ministry have been rejuvenated and next year, remaining 11 units will be operationalised again.
"During the UPA regime, only 13 units were in profit. Now, 17 are making profit. We are working towards making the remaining four -- HMT Machine Tools, Heavy Engineering Corporation, Hindustan Paper Corporation and NEPA --profit making," he added.