Letter to BS: Privatising PSUs not the panacea to cure ills in the sector

This refers to the editorial, “Mockery of divestment” (October 17). Politicians and successive governments are responsible for the present state of affairs in public sector undertakings (PSUs). Inefficiency and wastage are eroding the net worth of these PSUs. Privatising the PSUs is not the panacea to cure the ills that are destroying the health and performance of these enterprises. 

All the PSUs need to undergo a change in their mindset. Training and reskilling of the employees is crucial to improve productivity.

V S K Pillai, Kottayam

---

Letters can be mailed, faxed or e-mailed to: 

The Editor, Business Standard

Nehru House, 4 Bahadur Shah Zafar Marg 

New Delhi 110 002 

Fax: (011) 23720201  ·  E-mail: letters@bsmail.in

All letters must have a postal address and telephone number