Saturday, 14 September 2013

Don’t disinvest

THE GOVERNMENT is bent of disinvesting oil PSUs in haste (Focus, Oct 13). It should learn lessons from the VSNL sale to the Tatas. The private sector should build infrastructure itself. The Government should take cue from the banking and insurance sector, where the private and public sectors are playing their role effectively. Selling of Oil PSUs will neither create competitive environment nor motivate employees to perform.

(This letter published in Hindustan Times on October20, 2002)