Lok Sabha Question No. 4143 (UNSTARRED), answered on 2023-03-27
Subject: Revival of PSUs
Ministry: FINANCE
Asked by: Girish Bhalchandra Bapat, Rahul Ramesh Shewale, Ajay Nishad, Pritam Gopinath Munde, Dinesh Lal "Nirahua" Yadav, Chandra Sekhar Sahu, Krupal Balaji Tumane, Bhavana Gawali (Patil)

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF PUBLIC ENTERPRISES

## LOK SABHA

## UNSTARRED QUESTION No. 4143

TO BE ANSWERED ON 27.03.2023

## Revival of PSUs

4143. SHRI GIRISH BHALCHANDRA BAPAT: SHRI RAHUL RAMESH SHEWALE: SHRI AJAY NISHAD: DR. PRITAM GOPINATHRAO MUNDE: SHRI DINESH  LAL  YADAV  'NIRAHUA':  SHRI  CHANDRA  SEKHAR  SAHU:  SHRI KRUPAL BALAJI TUMANE: SHRIMATI BHAVANA PUNDALIKRAO GAWALI:

Will the Minister of FINANCE be pleased to state:

(a)  the  details  of  various  Public  Sector  Undertakings  (PSUs)  in  the  country,  State-wise including in Maharashtra;

(b)  whether the Government is aware of the underperforming heavy value PSUs in the country, if so, the details thereof including the losses incurred by these PSUs during the last eight years and the current year;

(c) whether the Government proposes to take any policy measure for revamping/revival of  the  sick  PSUs  in  the  country,  if  so,  the  details  thereof  including  the  estimated expenditure likely to be incurred on such revamping/revival of sick PSUs in the country particularly in Maharashtra;

(d)  whether  the  Government  proposes  to  make  allocation  as  per  the  National  Capital Goods Policy, 2016 for the revival of these PSUs, if so, the details thereof, State-wise including Maharashtra; and

(e) whether the Government proposes to set up more PSUs in the country to provide jobs to the common man and if so, the details thereof, State/UT-wise including Maharashtra?

## ANSWER

## THE MINISTER OF STATE FOR FINANCE ((DR. BHAGWAT KISHANRAO KARAD)

(a): As per information available, as on 31.3.2022, there are 248 Operating Central Public Sector Enterprises (CPSEs) in the country out of which 28 CPSEs have registered Offices in the State of Maharashtra. Most CPSEs have operations beyond the place of their registered office.

## (b) The details of loss making CPSEs are as follows:

| PE Survey   |   Number of CPSEs |   Total Amount of Loss (Rs. in Crores) |
|-------------|-------------------|----------------------------------------|
| 2014-15     |                76 |                               -27497.8 |
| 2015-16     |                79 |                               -30755.7 |
| 2016-17     |                81 |                               -27494.4 |
| 2017-18     |                72 |                               -32180.1 |
| 2018-19     |                69 |                               -31616.5 |
| 2019-20     |                84 |                               -44239.3 |
| 2020-21     |                76 |                               -31784   |
| 2021-22     |                59 |                               -14586.2 |

(c  and  d):  Enterprise  specific  measures  for  their  turnaround  are  taken  by  the  respective Boards  and  administrative  Ministries/Departments  having  jurisdiction  over  the  CPSEs concerned.  These,  inter  alia,  include  business  restructuring,  formation  of  joint  ventures, modernization and improved marketing strategies etc. Government has also notified the New Public Sector Enterprise ('PSE') Policy in February, 2021 as per which CPSEs have been classified in Strategic and Non Strategic sectors  based on certain criteria. The CPSEs are, therefore, to be dealt according to the provisions of the New PSE Policy only.

- (e):  Central  Public  Sector  Enterprises  (CPSEs)  function  under  the  administrative control of respective  Ministries/Departments. Any decision to set  up new CPSEs is taken by the sectoral line Ministries/Departments after taking into consideration the needs  and  commercial  viability  and  any  extant  policy  of  the  Government.  The employment in CPSEs depends upon the prevailing business conditions & requirements, while also taking into account others factors such as future operations, expansion / investment plan, retirements etc.

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