Letters: Weakening of PSUs

There was no better way of weakening PSUs than by making their top managements spineless

With reference to Shyamal Majumdar’s piece, “Public sector chiefs deserve better” (September 22), institutions are made up of people; the successful ones have talented and efficient people providing leadership at the top. This is equally applicable to organisations in private and public sectors irrespective of their age or size. Recent experiences in India offer enough evidence.
 
Since the 1950s, India has recognised the prominent role of the public sector in economic development. Success stories of public sector undertakings (PSU) in India conflicted with the commercial interests of the private sector in India and abroad. The 1970s and subsequent decades