Prime Minister Narendra Modi on Monday said the correct meaning of a PSE (Public sector enterprise) is profit and social benefit generating enterprise, a tweet from PM’s office stated. The prime minister shared his thoughts while addressing senior officials at the Central Public Sector Enterprises (CPSE) Conclave in Delhi.
In another tweet, PM Modi stated that the success mantra for both private sector and public sector is the same. “That mantra really is 3 Is – Incentives, Imagination and Institution building,” he added.
PM Modi further asked the public sector units to offer preference to micro, small and medium enterprises (MSMEs) in procurement and make timely payments to them.