Minister for heavy industries Praful Patel intends to put out a policy framework for the heavy industry sector, including the public enterprises.
This will also include automobile sector which is growing rapidly, particularly the small car segment.
Speaking to FE, Patel said a number of PSUs need to be restructured and very successful companies like Bhel need to become real global players while existing players need new teeth. They need a policy framework without being shackled with lengthy restrictions. Patel feels multiple agencies for heavy industries in India has to be reduced.
According to the heavy industries minister, the most qualified and best people do not want to join the public sector and therefore they should be attracted by offering incentives comparable to the private sector.