Describe the industrial policy, 1991 towards the public sector



The Government of India had introduced four major reforms in the public sector in its new industrial policy in 1991. The main elements of the government policy are as follows :
(1)Restructure and revive potentially viable PSUs.
(2)Closing down of PSUs that cannot be revived.
(3)Bring down government’s equity in all non-strategic PSUs to 26 percent or lower, if necessary; and
(4)Fully protect the interest of workers.