Even with the kind of constraints and handicaps if a PSU is still performing it needs to be appreciated.
Managerial failures do happen in PSU companies and public limited companies in the private sector. But the chances for such failures and the odds are more for the PSU as things stand today.
It is worth noting here that none of the PSUs which got privatized in the past have declined in performing in the changed management scenario. Take for example, the IPCL, Maruti Udyog Limited, VSNL, Bharat Aluminium Company Limited, etc.
But where the government allowed a particular sector opened up for private competition, the cases are not so good for both the PSUs and the new private players. Examples are the telecom, airline, steel, banking, insurance, etc. Every now and then new policies are framed to help either the private or the PSU. The business scenario in these is with high degree of uncertainties.
The public in India are really concerned with ailing PSUs like the Air India, HEC, HMT, IOC, ONGC etc which used to be prides of the nation at some time in the past. Such ailing PSU list is getting enlarged every year.
The sectors in which PSUs are still doing well could be in those areas where they are functioning like monopolies.
The PSUs are now working under severe constraints of various sorts unlike the past.
Indecisive policies are causing the nation great damages which are difficult to measure over a short time.
It is time that the people of India take note of these !
Playing in uneven grounds is not a healthy practice.
It is bound to cause casualties on the ones that are unfavourably placed.
Just as some of the concerned media men put it, let me also sum it like this :
Is any one listening ?