Business Standard

PSUs' buy from small business rose 11% to Rs 41,699 crore in FY21

About 239 of 389 PSUs owned about 1.61 million acres land collectively, the survey showed

Company, PSUs, valuation, firms
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Illustration: Binay Sinha

Nikunj Ohri
Public procurement by public sector undertakings (PSUs) from micro and small enter­prises rose nearly 11 per cent year-on-year (YoY) to Rs 41,699 crore in the fiscal year 2020-21, according to Public Sector Enterprises Survey. 

This has been an increase from Rs 37,680-crore procu­rement made from small businesses in FY20. However, PSUs collectively have barely managed to meet the govern­ment-mandated 25 per cent minimum annual procure­ment from small businesses, according to the Public Sector Enterprises Survey.

In FY21, PSUs made 24.9 per cent of their annual procure­ment from micro and small businesses. Total procurement made by PSUs in FY21 was Rs 1.67 trillion.

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