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importance of public sector enterprises

Posted by shamser On Friday, July 9, 2010 0 comments

importance of public sector enterprises
we know that all enterprises in our country are not public enterprises. there is mixed economic in our country and the private as well as the public sector contribute to the development of our economy. however there are only some selected areas in which the government establishes its enterprises for a balanced development of the economy and promote public sector. there are several areas where huge investment of capital is necessary but the margin of profit is either meager or it can be obtained only after a large period as in case of generation of supply of electricity ,machine, building construction hesitate to establish their enterprises in this areas but they can not be neglected in public interest. as such these enterprises are established and run by the government. similarly the public enterprises also help in balance regional development by promoting industry in every part of the country. for example, with the establishment of balance sheet plant, in madhya pradesh , several new small industries have came up in that state.

industrial progress is of ulmost importance for the development of the country and for this, its necessary that some basis industries like oil, coal, iron and steel production of heavy electrical goods etc. are to be fully developed .public enterprises give impetus to the development of this basic industries and also help in the development of the private sector with their products and services. there are some industries which require heavy capital investment an account of technical reasons. electricity power production of gas, heavy machinery tools, production of telephone etc, are such industries.

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