India Boosts PSE Efficiency: Key Reforms and Enterprise Roles
The Indian government has been implementing significant reforms to enhance the efficiency and transparency of Public Sector Enterprises (PSEs). These reforms, including the Strategic Disinvestment Policy and Public Enterprises Governance Reforms, aim to boost operational efficiency through digitization and technology adoption. PSEs remain vital for national security, economic stability, and long-term infrastructure projects.
Key PSEs include Bharat Electronics Ltd (BEL), catering to India's defence sector, and Hindustan Aeronautics (HAL), the largest defence PSU designing, manufacturing, and overhauling aircraft and related systems. NTPC Ltd, India's largest integrated power company, operates a diverse fuel mix and has an ambitious roadmap to install 60 GW of renewable energy capacity by 2032. ONGC, the country's largest oil and gas explorer, contributes around 70-71% of domestic production. State Bank of India (SBI), the largest public sector bank, offers a wide range of financial services and benefits from a strong credit pipeline and diversified growth.
PSEs play a crucial role in economic and social development, contributing significantly to government revenue through dividends and taxes. They are instrumental in national security, economic stability, and long-term infrastructure projects that private enterprises may find financially unviable.
The Indian government's reforms aim to enhance the efficiency and transparency of PSEs, while these enterprises continue to play a vital role in the country's economic and social development. Key PSEs across defence, power, oil and gas, and banking sectors contribute significantly to national security, economic stability, and infrastructure projects.
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