Question : PERFORMANCE OF PUBLIC SECTOR UNDERTAKINGS

(a) whether the Government recently reviewed the performance of Public Sector Undertakings in terms of physical and financial targets set and achieved during the last three years including current year, till date;

(b) if so, the details thereof, year-wise and PSU-wise;

(c) the details of new strategies formulated to improve the performance of PSUs and the action plan to revamp/restructure the working of PSUs, not operating as expected in tune with global competition; and

(d) the details of action taken/proposed in respect of chronically sick PSUs alongwith action plan for 2000-2001, PSU-wise?

THE MINSTER OF HEAVY INDUSTRIES AND SHRI MANOHAR JOSHI PUBLIC ENTERPRISES

(a) to (d): A statement is laid on the table of the House.



STATEMENT IN REPLY TO LOK SABHA STARRED QUESTION NO.226 FOR REPLY ON 10.3.2000 ON PERFORMANCE OF PUBLIC SECTOR UNDERTAKINGS BY SHRI NAMDEO HARBAJI DIWATHE AND SHRI ASHOK N. MOHOL.

(a) & (b): The performance of the Public Sector Undertakings(PSUs) is reviewed on a regular periodicity by the Administrative Ministries. Review of performance is also a part of MOU mechanism. On a yearly basis, Public Enterprises Survey also analyses the performance of PSUs. The results of review of performance vis-a-vis targets under MOU mechanism are contained in the Public Enterprises Survey. These are continuous processes. The Survey is laid on the Table of the House every year and is a published document.
( c) & (d): The Government has taken enterprise specific measures to improve the performance of the units and make them globally competitive. These include enhanced delegation of powers, professionalisation of managements, promotion of joint ventures, modernisation, technology upgradation, capital and organisation restructuring, etc.
In respect of sick companies, again, enterprise specific measures are taken for reversing the trend and revival, on a continuing basis. BIFR formulates appropriate schemes under the Sick Industrial Companies (Special Provisions) Act, 1985 for the PSUs registered with it. The measures include business and financial restructuring, conversion of the enterprise into a joint venture, rationalisation of manpower, technology upgradation, diversification and change of product mix, modernisation of plant and machinery. etc.