Geostrategic as well as techno-economic imperatives call for companies that have competence in cutting edge technologies, and the private sector shows no appetite for building such competence
It is true that investment in R&D and innovation in the country is woefully inadequate. But is an expansion of PSU sector the right answer? Check the R&D and innovation expenses of existing PSUs. That may not be very encouraging.
Perhaps, what we need is not less but more large enterprises in the private sector so that there will be compelling competition that will drive companies to invest in R&d and innovation. More PSUs will only help governments to makee money by selling them later. Our existing PSUs are no inspiration to create more like them!
It is true that investment in R&D and innovation in the country is woefully inadequate. But is an expansion of PSU sector the right answer? Check the R&D and innovation expenses of existing PSUs. That may not be very encouraging.
Perhaps, what we need is not less but more large enterprises in the private sector so that there will be compelling competition that will drive companies to invest in R&d and innovation. More PSUs will only help governments to makee money by selling them later. Our existing PSUs are no inspiration to create more like them!
If wishes were horses...
:)