Nirmala Sitharaman inaugurates CPSEs exhibition in Gandhinagar
Tags: National Economy/Finance
Union Finance Minister Nirmala Sitharaman on 9 June inaugurated a Mega exhibition on Nation Building and Central Public Sector Enterprises (CPSEs) at Mahatma Mandir in Gandhinagar Gujarat.
The event has been organised as part of the ongoing celebrations of the Azadi Ka Amrit Mahotsav.
During this, the Finance Minister was apprised about the various major initiatives of CPSEs and their contribution in nation building.
During this four day exhibition all the participating CPSEs will showcase their contribution in the development of the country to achieve self-reliant India.
About 75 CPSEs are participating in this exhibition.
Some CPSEs including NTPC and BEL will inaugurate the activity related to converting their townships into mini smart cities at Solapur and Bengaluru.
These townships will be part of 27 townships belonging to 15 CPSEs which are being converted into mini smart cities.
Central Public Sector Enterprises (CPSEs)
These are those companies in which the direct holding of the Central Government or other CPSEs is 51% or more.
As on 31 March 2020, there were 366 CPSEs (excluding insurance companies).
Objectives of Setting up CPSEs
generate better quality of employment
creation of an industrial base in the country
development of basic infrastructure in the country
promotion of exports and reduction of imports
providing resources to the government
To reduce inequalities and accelerate the economic growth and development of the country.
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