Government companies are making a big contribution to the progress of the country. The Modi government does not take pride in government companies for nothing, behind this are the figures that give the government an opportunity.

Hardeep Puri on PSU: Government companies are making a big contribution to the progress of the country. The Modi government does not take pride in government companies for nothing, behind this are the figures that give the government an opportunity. Petroleum Minister Hardeep Singh Puri talked about those figures, knowing which you will also be proud of these government companies of the country.

Increased earnings of government companies

Petroleum Minister Hardeep Puri said that there has been a big increase in the net worth of Central Public Sector Undertakings (CPSEs). By FY 2023, its net worth has increased by 82 percent to Rs 17.33 lakh crore. This figure was 9 years ago i.e. 9.5 lakh crore in the financial year 2014. That is, government companies have flourished during the tenure of the Modi government.

Increased net worth of CPSEs

Petroleum Minister Hardeep Singh Puri on Thursday said the net worth of Central Public Sector Enterprises (CPSEs) will increase by 82 per cent to Rs 17.33 lakh crore by FY23 from Rs 9.5 lakh crore in FY14 nine years ago. Addressing the CII's PSE Summit, the minister said the contribution of CPSEs to the national exchequer through excise, taxes and dividend has more than doubled, from Rs 2.20 lakh crore in FY14 to Rs 4.58 lakh crore in FY2023.

Puri further said that there has been a huge jump in CPSE's profits during this period. This has increased to Rs 2.41 lakh crore in FY2023 from Rs 1.29 lakh crore in FY14. Besides, market capitalisation of all 81 listed PSE companies rose 225 per cent during the review period. The minister appreciated the strong performance of the public sector enterprises in the last decade and said their contribution has been integral to India's economic stability and growth.

Basis of Progress

"As we look to the future, the next few years will be critical in laying the ground for India's next leap. The Union Minister outlined a vision for India's energy sector, emphasizing three key principles, Availability, Affordability and Sustainability. As an example of India's focus on sustainability, Puri spoke about the significant progress in bioethanol blending, saying ethanol blending has increased from 1.53 per cent in 2014 to 15 per cent in 2024.