Singh who was speaking at SCOPE awards, lauded the efforts of 17 large state-run companies that have committed to investment plans amounting to 1,40,000 crore in the coming year.
"I would encourage the remaining central public sector units also to similarly pay attention to boosting the capital investments," he said, adding that the country needs huge amounts of investment, both public and private, particularly in the area of infrastructure.
Singh said that the PSU should step up their performance in mining and manufacturing sectors.
"We must step up our performance in mining, particularly in the production of coal, petroleum and natural gas," he said.
Singh urged PSUs to embark upon ambitious plans of expansion to make the target of 12% to 14% growth in the manufacturing sector a reality.
Article Source: http://economictimes.indiatimes.com/news/economy/indicators/psus-have-major-role-in-times-of-crisis-pm/articleshow/11707706.cms
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