More functional autonomy: Central Public Sector Enterprises to get powers to offload subsidiaries, exit joint ventures
Currently, there are about 380 PSEs (including subsidiaries), 20-30% of which may be closed for being sick or unviable. The government has made it clear that except for the sake of having its minimum presence in the four strategic sectors, other companies in the strategic sectors and all in non-strategic sectors will be privatised or closed.