Strategic PSUs should look to scale up, boost efficiency: FM Sitharaman

The minister said strategic sectors had been identified based on national interest, and the government would continue to have its presence in these sectors

The public sector undertakings (PSUs) in strategic sectors should look at scaling up possibilities, use of technology, and set fresh benchmarks for PSUs around the world, Finance Minister Nirmala Sitharaman said.

“The clear identified core sectors in which public sector would remain will have to now look at opportunities, newer areas of development, scaling up possibilities, and looking at ways in which you can benefit from web 3.0, industrial revolution 4.0, deep diving into deep data,” Sitharaman said at the Azadi ka Amrit Mahotsav celebration in Gandhinagar.

Sitharaman said PSUs must derive maximum benefit from newer tech to scale up their efficiencies