PSUs should follow private players to ramp up production: Steel Minister

    In order to emerge as a competitive force internationally in steel sector, Indian PSUs will have to follow practices of private sector firms that account for 80-82 per cent of the domestic production, Union Minister Chaudhary Birender Singh has said. The steel minister has also called for snatching opportunities from competitors like China to emerge as a global player in steel. "The PSUs, which contribute about 18-20 per cent of the steel production, should try to learn from the private sector, which accounted for the balance 80-82 per cent of the production, if India has to emerge as a strong and competitive force internationally," minutes of a recent meeting quoted Singh as saying. Read more...

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