Efforts on to strengthen PSUs: Minister

Industries Minister P K Kunhalikutty on Friday said that the government policy was to strengthen the efficiency of public sector undertakings (PSUs).

 Inaugurating a review meeting of the PSUs here, the Minister said that several investment opportunities were emerging in the PSUs. The government is planning for joint ventures with Central PSUs, he said.

 He said that there should not be a misconception that government was  giving priority to private entrepreneurs when events such as Emerging Kerala were conducted. Efforts are on to strengthen the PSUs without any investment from the government, he said.

 The Minister said that four more PSUs registered profit this year. However, KMML and Malabar Cements were not able to register profits as in the previous year. The reason for the loss will be accessed and appropriate action will be taken. As part of ensuring more transparency, e-procurement system has been introduced, he said.

 Another review meeting will be held on October 1. Industries Secretary N Somasundaram chaired the review meeting.