Privatising the PSUs is not the solution. If one were to visit the offices of these Privatised PSU the experience would hardly be different. In many places, the outsourced security guards double up as receptionists. If there are lady receptionists then they are just as indifferent as any other. The privatised PSUs are basically there to tap the Govt market and participating in the Govt Tenders. Many PSUs were setup with large investments because the Private Sector did not find these ventures viable. The inefficiency of the bloated work force, the unduly labour oriented culture negating all disciplined activity, the slack senior management, and the corrupt top all cannot be changed by privatising these PSUs They can hardly adapt to the fast paced technological innovation, many of them have become second fiddles of the MNCs and their products or simply continuing to bleed precious tax payers money. It is best if they are liquidated. Many PSUs have introduced VRS and seperation schemes for their own employees in the first place, sold or rented their factories and finally closed down. It is only the Political Chairmen or the Ministry Chairmen keen to have the perks only, that have delayed the winding up of many PSUs. The job of the Govt is to govern and maintain law and order and not to run businesses, so it is best if the Govt simply exits itself as it has done in the case of Maruti.
