Privatisation of PSUs not in national interest, will oppose policy: TN CM

Privatisation of Public Sector Undertakings is not in national interest and the Tamil Nadu government would oppose the Centre’s bid to privatise PSUs which are public assets, Chief Minister M K Stalin informed the State Assembly on Thursday.

The PSUs of India are public assets that are designed to nurture economic growth and provide job opportunities and these are also the bedrock of small and micro enterprises, Stalin said. “It is our view that selling or leasing PSUs are not in national interest,” he said. The public sector units functioned considering larger public good and welfare and an objective of profit alone is not