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Modi's statement on PSUs show preference for revival rather than sale

PM said that the government had succeeded in turning around loss-making public-sector behemoths like Air India and BSNL

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Arup Roychoudhury  |  New Delhi 

Prime Minister Narendra Modi's reference to loss-making public-sector behemoths now making profits could be an indication that this government has greater confidence in reviving loss-making public-sector enterprises (PSUs) rather than selling them. "In our country, the PSUs are formed to fall in a pit, to fail, to get locked out or to be sold out.

That has been the history," Modi said in his third Independence Day speech from the ramparts of Red Fort. "We have tried to bring in a new culture. And today, for the first time, I can say with satisfaction that Air India, which ...

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First Published: Tue, August 16 2016. 08:06 IST
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