New Delhi, October 15: Keen on unlocking value of public sector enterprises, Prime Minister Manmohan Singh today said the government was encouraging them to raise resources by listing on the stock exchanges.
“The government is encouraging the listing of Public Sector Enterprises (PSEs), as this unlocks the true value of a company, improves its corporate governance standards and also helps it in raising resources for funding future expansion plans,” he said at an award function for the PSEs here.
Singh said several PSEs have got their shares listed on the markets in the last two years and many more want to do so.
“This shows they are not shying away from market scrutiny and are ready to face new challenges,” he said at a function organised by the Standing Conference of Public Sector Enterprises (SCOPE
–Agencies