Business Environment, 4th Edition by Pearson

Privatization and Disinvestment of PSUs | 543

Key Responsibilities

Apart from revival, the board will also advise the government on the ways and

means for strengthening the PSEs, in general and making them more autonomous

and professional. It will consider restructuring of finances, organisations; and

businesses; including diversification, joint ventures, mergers, and acquisitions

of Central public sector companies; and suggest ways and means for funding

such schemes. In respect of unviable companies, the board would also advise the

government about the source of funds, including the sale of surplus assets of the

enterprise for the payment of all ...