PSUs, cooperative societies disallowed from bidding for state-run entities

PSUs in non-strategic sectors would be privatised if feasible or considered for closure.

The Centre has broadened its privatisation policy to disallow public sector undertakings (PSUs) and cooperative societies from participating in the bidding for other state-owned firms.

The Department of Investment and Public Asset Management (DIPAM) has also asked all government departments to inform PSUs and cooperative societies under their administrative control that they will not be permitted to participate in the privatisation process unless otherwise specified.

In line with the government’s new Public Sector Enterprises (PSE) policy that seeks to minimise government’s presence through PSUs across all sectors of economy, the Finance Ministry has said the PSEs, where 51 per cent