Union Heavy Industries & Public Enterprises Minister Anant Geete today assured whole-hearted support to Central Public Sector Enterprises (CPSEs) and said he will examine all aspects of their functioning in a holistic manner.
Geete, who was here to attend an interaction organised by apex public sector body SCOPE, acknowledged the contribution of CPSEs towards development of the economy and assured all support to them.
Observing that public sector enterprises have been the pillars of Indian economy, the Minister assured that he will look into all aspects of functioning of CPSEs in a holistic manner, considering the nation's developmental needs.
CPSEs are companies where the direct holding of the Central Government or of other CPSEs is 51 per cent or more.
Meanwhile, SCOPE Chairman C S Verma highlighted the performance of CPSEs and said that public sector enterprises have a turnover equal to 20 per cent of the GDP of the country; contribute over Rs 1.63 lakh crore per year to the central exchequer and employ around 14 lakh employees.
