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Disinvestment empowered PSUs: Nirmala Sitharaman PSU Disinvestment
Image Cr: Twitter/NSitharamanOffice

Disinvestment empowered PSUs: Nirmala Sitharaman

India Blooms News Service | @indiablooms | 11 Jun 2022, 01:23 pm

Kochi/UNI: Disinvestment of Public Sector Undertakings (PSUs) during the past decade had empowered them and energised the capital markets, Union Finance Minister Nirmala Sitharaman said on Friday.

During 1991, the nature of public asset management marked a directional change to focus on core areas and public sector involvement was reduced, the Minister said.

"This opening up led to driving investment and promoting new start-ups. This change along with strategic disinvestment promoted efficiency and led to increase in returns enabling the players to compete with each other," she said.

Dr. Rose Mary K Abraham, Director, DIPAM; Jafar Malik, District Collector; Dr. Dhanuraj D, Chairman, Centre for Public Policy Research; Dr. V. K. Vijayakumar, Chief Investment Strategist, Geogit Financial Services, also spoke on various topics relating to investment and trading.