(a) whether the Government proposes to take steps to bolster the Central Public Sector
Undertakings (CPSUs) and provide modernized technology to the farmers who will in turn
provide a fast tract to the economic development;
(b) If so, the details thereof;
(c) the steps the Government proposes to take to unshackle the CPSUs from the Government
control with a view to providing them a free hand to operate independently; and
(d) the progress made in this regard after taking steps?
THE MINISTER OF STATE FOR HEAVY INDUSTRIES & PUBLIC ENTERPRISES (SHRI RAGHUNATH JHA)
(a) & (b) Government have granted Miniratna status to `National Fertilizers Ltd.` (NFL) and `
Rashtriya Chemicals & Fertilizers Ltd.` (RCF) producing fertilizers. Revival of `State Farms
Corporation of India Ltd.` (SFCL) engaged in production of seeds, and `Fertilizers & Chemicals
(Travancore) Ltd.` (FACT) producing fertilizers have been approved at a total cost (cash and
non-cash) of Rs.1016 crore. In addition `National Seeds Corporation Ltd.`, which is a profit
making Central Public Sector Enterprise (CPSE) is engaged in production and marketing of quality
seeds, planting material and sale of bio- fertilizers.
(c) & (d) The Navratna and Miniratna CPSEs have been delegated enhanced powers in the area of
incurring capital expenditure, entering into technology joint ventures and strategic alliances,
establishing financial joint ventures and wholly owned subsidiaries, merger and acquisition and
administrative powers like approval of foreign tours of functional Directors, human resource
management etc. Other profit making CPSEs have also been delegated enhanced powers for incurring
capital expenditure, etc.