PSUs in the doldrums

Sir, - Your Editorial `State Governments in business' (Nov. 17) should be an eye-opener to all the States. That only one-fifth of the State-run public sector enterprises all over the country have been commercially viable is a sad commentary on their management and efficiency.

Unfortunately, too much political interference in their functioning has caused much harm and put them in the doldrums. It is time the working of these units is re-appraised. The States should either rehabilitate or privatise perpetually sick enterprises. If the performance of the State Electricity Boards and transport corporations is any indication, the situation warrants corrective measures on a war-footing to make them profitable.

P.K. Varadarajan,

Chennai

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