The Punjab government feels that the only way to revive PSUs is tohave a public private partnership (PPP) model keeping in view the critical financial position.
PH Vaishnav head of the Disinvestment Commission set up in 2001,also suggested the same in his final report. “The only way to revive PSUs is it is to have a public private partnership (PPP) model,” he says. According to official sources, as a first step the Commission suggested that PSIDC should be renamed as Punjab State Infrastructure and Industrial Development Corporation (PSIIDC) to facilitate public-private partnership.
Haryana has already changed the name of Haryana State Industrial Development Corporation to Haryana State Industrial and Infrastructure Development Corporation . However, despite the commission’s trecomendations and its own election promises, the government has taken a decision to establish seven new Boards. The Boards include Small Industries Board, Medium Industries Board, Large industries Board, a Punjab Trade Board, Punjab Infrastructure Board, Youth Development Board, Punjab Sports Board.
The ruling party in its election manifesto had promised to do away with loss-making PSUs, to disinvest government stake in others, to adopt PPP model and to bring about a a change in the remaining PSUs.